Wells Fargo & Company Lowers S&P Global (NYSE:SPGI) Price Target to $525.00

Key Points

• Wells Fargo trimmed its price target on S&P Global to $525 from $530 while maintaining an "overweight" rating, implying about a 24.4% upside from the current share price.
• Analyst sentiment remains broadly positive with a consensus rating of Buy, an average price target of $558.47 and the majority of analysts (16 buys, 1 strong buy, 1 hold) recommending the stock.
• S&P Global shares recently traded at $422.06; the company has a market cap of $128.1B, a PE of 28.7, and has set FY2026 EPS guidance of 19.400–19.650 versus an average analyst forecast of 17.11 EPS.

S&P Global (NYSE:SPGI - Get Free Report) had its price target cut by Wells Fargo & Company from $530.00 to $525.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 24.39% from the company's current price.

Several other research firms also recently issued reports on SPGI. Morgan Stanley decreased their price objective on shares of S&P Global from $580.00 to $556.00 and set an "overweight" rating for the company in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, March 11th. Bank of America began coverage on shares of S&P Global in a report on Tuesday, February 17th. They set a "buy" rating and a $575.00 price objective for the company. Mizuho decreased their price objective on shares of S&P Global from $657.00 to $551.00 and set an "outperform" rating for the company in a report on Thursday, February 12th. Finally, Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Buy" and an average target price of $558.47.

S&P Global Stock Up 1.6%

SPGI stock traded up $6.64 during trading hours on Monday, hitting $422.06. The company's stock had a trading volume of 317,899 shares, compared to its average volume of 2,482,100. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $128.08 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a 50 day moving average price of $429.15 and a two-hundred day moving average price of $477.85.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global will post 17.11 earnings per share for the current year.

Institutional Trading of S&P Global

A number of hedge funds have recently bought and sold shares of SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC raised its stake in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock valued at $547,000 after buying an additional 75 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock valued at $893,511,000 after buying an additional 88,526 shares in the last quarter. Jump Financial LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at $552,000. Finally, Main Street Financial Solutions LLC raised its stake in shares of S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock valued at $1,694,000 after buying an additional 472 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.