JPMorgan Chase & Co. Lowers S&P Global (NYSE:SPGI) Price Target to $615.00

S&P Global (NYSE:SPGI) had its price target dropped by research analysts at JPMorgan Chase & Co. from $635.00 to $615.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.19% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and issued a $538.00 target price on shares of S&P Global in a report on Friday. Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday. Finally, Citigroup increased their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $487.37 on Friday. S&P Global has a one year low of $427.14 and a one year high of $579.05. The stock has a fifty day moving average of $507.44 and a 200-day moving average of $515.30. The company has a market capitalization of $148.80 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. As a group, equities analysts anticipate that S&P Global will post 17.11 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently modified their holdings of the stock. Divergent Planning LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $303,000. Dynamic Advisor Solutions LLC lifted its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares during the last quarter. SCS Capital Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth about $240,000. Foster Victor Wealth Advisors LLC lifted its position in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Northside Capital Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth about $975,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.