Rothschild & Co Redburn Lowers S&P Global (NYSE:SPGI) Price Target to $540.00

S&P Global (NYSE:SPGI) had its price target cut by investment analysts at Rothschild & Co Redburn from $585.00 to $540.00 in a report issued on Thursday,MarketScreener reports. Rothschild & Co Redburn’s price objective suggests a potential upside of 28.62% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Barclays reissued an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. UBS Group decreased their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. BMO Capital Markets raised their price target on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $550.00.

S&P Global Stock Down 2.1%

SPGI stock opened at $419.85 on Thursday. S&P Global has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $124.27 billion, a P/E ratio of 26.57, a PEG ratio of 1.83 and a beta of 1.11. The firm has a 50 day simple moving average of $431.09 and a 200-day simple moving average of $472.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company earned $4.37 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global will post 19.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 5,974 shares of company stock valued at $2,576,775 over the last 90 days. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently added to or reduced their stakes in the business. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter valued at $29,000. J.Safra Asset Management Corp acquired a new position in shares of S&P Global during the third quarter valued at $29,000. North Star Investment Management Corp. boosted its holdings in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC acquired a new position in shares of S&P Global during the fourth quarter valued at $36,000. Finally, Palisade Asset Management LLC acquired a new position in shares of S&P Global during the third quarter valued at $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.