S&P Global Inc (SPGI) Stock: A Guide to the Market Trend

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In the past week, SPGI stock has gone up by 0.91%, with a monthly gain of 2.86% and a quarterly surge of 2.85%. The volatility ratio for the week is 1.24%, and the volatility levels for the last 30 days are 1.44% for S&P Global Inc. The simple moving average for the past 20 days is 1.64% for SPGI’s stock, with a 6.54% simple moving average for the past 200 days.

Is It Worth Investing in S&P Global Inc (NYSE: SPGI) Right Now?

S&P Global Inc (NYSE: SPGI) has a price-to-earnings ratio of 49.35x that is above its average ratio. Additionally, the 36-month beta value for SPGI is 1.16. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”

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The public float for SPGI is 312.44M and currently, short sellers hold a 0.63% ratio of that float. The average trading volume of SPGI on June 13, 2024 was 1.28M shares.

SPGI) stock’s latest price update

S&P Global Inc (NYSE: SPGI) has experienced a rise in its stock price by 2.67 compared to its previous closing price of 428.81. However, the company has seen a gain of 0.91% in its stock price over the last five trading days. youtube.com reported 2024-06-12 that The Investment Committee gives you their top stocks to watch for the second half.

Analysts’ Opinion of SPGI

Many brokerage firms have already submitted their reports for SPGI stocks, with Jefferies repeating the rating for SPGI by listing it as a “Buy.” The predicted price for SPGI in the upcoming period, according to Jefferies is $430 based on the research report published on October 16, 2023 of the previous year 2023.

Wolfe Research, on the other hand, stated in their research note that they expect to see SPGI reach a price target of $453. The rating they have provided for SPGI stocks is “Outperform” according to the report published on September 14th, 2023.

SPGI Trading at 3.32% from the 50-Day Moving Average

After a stumble in the market that brought SPGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.53% of loss for the given period.

Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares surge +2.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.32% upper at present.

During the last 5 trading sessions, SPGI rose by +0.91%, which changed the moving average for the period of 200-days by +13.39% in comparison to the 20-day moving average, which settled at $433.75. In addition, S&P Global Inc saw -0.06% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SPGI starting from Peterson Douglas L., who sale 6,000 shares at the price of $432.20 back on May 15 ’24. After this action, Peterson Douglas L. now owns 107,813 shares of S&P Global Inc, valued at $2,593,203 using the latest closing price.

Peterson Douglas L., the CEO & President of S&P Global Inc, sale 6,000 shares at $424.74 during a trade that took place back on Feb 15 ’24, which means that Peterson Douglas L. is holding 162,530 shares at $2,548,468 based on the most recent closing price.

Stock Fundamentals for SPGI

Current profitability levels for the company are sitting at:

  • 0.33 for the present operating margin
  • 0.59 for the gross margin

The net margin for S&P Global Inc stands at 0.22. The total capital return value is set at 0.08. Equity return is now at value 8.00, with 4.61 for asset returns.

Based on S&P Global Inc (SPGI), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 13.07.

Currently, EBITDA for the company is 5.23 billion with net debt to EBITDA at 1.93. When we switch over and look at the enterprise to sales, we see a ratio of 11.57. The receivables turnover for the company is 4.31for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.

Conclusion

In conclusion, S&P Global Inc (SPGI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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