S&P Global Inc (NYSE: SPGI) has a higher price-to-earnings ratio of 54.48x compared to its average ratio. SPGI has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 9 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SPGI is 312.52M, and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of SPGI on July 31, 2024 was 1.11M shares.
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SPGI) stock’s latest price update
S&P Global Inc (NYSE: SPGI) has experienced a decline in its stock price by -0.51 compared to its previous closing price of 488.51. However, the company has seen a gain of 0.90% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-31 that SPGI reports impressive revenue growth of 16% in Q2, driven by the Ratings Division and the successful integration of IHS Markit. S&P Global raises full-year financial guidance, expecting revenue growth of 8-10% and adjusted operating margin expansion. Stock valuation at a high P/E ratio of 36x, suggesting a Hold rating with potential buying opportunities during corrections of 15% or more.
SPGI’s Market Performance
SPGI’s stock has risen by 0.90% in the past week, with a monthly rise of 8.89% and a quarterly rise of 16.87%. The volatility ratio for the week is 2.77% while the volatility levels for the last 30 days are 1.64% for S&P Global Inc The simple moving average for the past 20 days is 2.01% for SPGI’s stock, with a 13.84% simple moving average for the past 200 days.
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 7.37% 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 -3.37% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +7.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.70% upper at present.
During the last 5 trading sessions, SPGI rose by +0.64%, which changed the moving average for the period of 200-days by +32.51% in comparison to the 20-day moving average, which settled at $478.15. In addition, S&P Global Inc saw 10.32% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.36 for the present operating margin
- 0.69 for the gross margin
The net margin for S&P Global Inc stands at 0.25. 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 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 15.24.
Currently, EBITDA for the company is 5.23 billion with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 12.18. The receivables turnover for the company is 4.9for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To put it simply, S&P Global Inc (SPGI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
