S&P Global (NYSE:SPGI) Price Target Cut to $510.00 by Analysts at Royal Bank Of Canada

S&P Global (NYSE:SPGI) had its target price cut by investment analysts at Royal Bank Of Canada from $560.00 to $510.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.03% from the company’s previous close.

SPGI has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley raised their target price on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday. The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $538.29.

S&P Global Trading Up 1.7%

NYSE:SPGI opened at $447.27 on Tuesday. The company has a market cap of $132.39 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. 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 50 day simple moving average of $419.23 and a two-hundred day simple moving average of $450.16. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05.

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, beating the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast that S&P Global will post 19.61 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The stock was bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new stake in S&P Global in the 4th quarter worth approximately $29,000. North Star Investment Management Corp. lifted its holdings in 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 purchasing an additional 35 shares in the last quarter. Palladiem LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global in the fourth quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Company Profile

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.