BMO Capital Markets Has Lowered Expectations for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI) had its price target cut by analysts at BMO Capital Markets from $505.00 to $500.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 21.27% from the stock’s previous close.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group lowered their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. JPMorgan Chase & Co. cut their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Barclays reduced their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Stifel Nicolaus raised their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Zacks Research raised shares of S&P Global from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $519.12.

S&P Global Stock Performance

SPGI stock traded up $0.13 during mid-day trading on Tuesday, reaching $412.32. 510,191 shares of the stock traded hands, compared to its average volume of 2,204,529. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. The business has a 50-day moving average of $415.12 and a two-hundred day moving average of $421.20. The firm has a market capitalization of $121.55 billion, a PE ratio of 25.17, a P/E/G ratio of 1.97 and a beta of 1.09.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $4.43 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict that S&P Global will post 17.71 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock valued at $5,898,261,000 after purchasing an additional 307,255 shares in the last quarter. Unisphere Establishment lifted its position in S&P Global by 6.5% in the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after purchasing an additional 130,050 shares during the period. Bank of America Corp DE acquired a new stake in S&P Global during the second quarter worth $865,892,000. Soroban Capital Partners LP boosted its stake in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after buying an additional 1,219,990 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter worth $702,911,000. 87.17% of the stock is currently owned by institutional investors.

About S&P Global

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.