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J.P. Morgan Reaffirms Their Buy Rating on S&P Global (SPGI)

J.P. Morgan analyst Andrew Steinerman maintained a Buy rating on S&P Global (SPGIResearch Report) on August 3 and set a price target of $410.00. The company’s shares closed last Thursday at $377.90.

According to TipRanks.com, Steinerman is a 4-star analyst with an average return of 10.4% and a 65.7% success rate. Steinerman covers the Services sector, focusing on stocks such as Resources Connection, ARAMARK Holdings, and Bright Horizons.

Currently, the analyst consensus on S&P Global is a Strong Buy with an average price target of $406.17, representing a 10.9% upside. In a report issued on August 2, Robert W. Baird also maintained a Buy rating on the stock with a $414.00 price target.

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S&P Global’s market cap is currently $131.2B and has a P/E ratio of 28.16.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPGI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

S&P Global, Inc. provides transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through four segments: S&P Global Ratings, S&P Global Market Intelligence, S&P Global Platts and S&P Dow Jones Indices.

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