Wells Fargo & Company Lowers S&P Global (NYSE:SPGI) Price Target to $525.00

S&P Global (NYSE:SPGI) had its target price lowered by Wells Fargo & Company from $530.00 to $525.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 24.39% from the stock’s current price.

A number of other brokerages have also recently issued reports on SPGI. Evercore set a $625.00 price objective on shares of S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. Stifel Nicolaus dropped their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Mizuho dropped their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. 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. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $558.47.

S&P Global Price Performance

Shares of SPGI stock traded up $6.64 during mid-day trading on Monday, reaching $422.06. The company’s stock had a trading volume of 317,899 shares, compared to its average volume of 2,482,100. S&P Global has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a market cap of $128.08 billion, a P/E ratio of 28.67, a PEG ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day moving average is $429.15 and its two-hundred day moving average is $477.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company posted $3.77 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, research analysts predict that S&P Global will post 17.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the 3rd quarter valued at about $29,000. Joseph Group Capital Management bought a new position in shares of S&P Global in the 4th quarter valued at about $29,000. North Star Investment Management Corp. boosted its stake in shares of S&P Global by 134.6% in the 4th 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 during the last quarter. First Pacific Financial boosted its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. Finally, Palladiem LLC bought a new position in shares of S&P Global in the 4th quarter valued at about $36,000. Institutional investors own 87.17% of the company’s stock.

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.