S&P Global (NYSE:SPGI) Price Target Lowered to $565.00 at JPMorgan Chase & Co.

S&P Global (NYSE:SPGI - Get Free Report) had its target price reduced by research analysts at JPMorgan Chase & Co. from $618.00 to $565.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 22.15% from the stock's previous close.

SPGI has been the topic of a number of other reports. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective on the stock. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $591.86.

S&P Global Stock Performance

NYSE:SPGI traded down $1.43 during trading hours on Wednesday, reaching $462.55. The company had a trading volume of 913,056 shares, compared to its average volume of 1,241,883. The firm's 50 day moving average price is $499.33 and its 200-day moving average price is $504.54. The firm has a market cap of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm earned $3.13 earnings per share. On average, analysts forecast that S&P Global will post 17.11 EPS for the current year.

Institutional Trading of S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank purchased a new stake in S&P Global in the 4th quarter worth about $1,725,084,000. Northern Trust Corp lifted its stake in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares during the period. Finally, Amundi grew its stake in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

About S&P Global

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.