S&P Global Inc (NYSE: SPGI) has a higher price-to-earnings ratio of 48.67x compared to its average ratio. SPGI has 36-month beta value of 1.17. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for SPGI is 312.68M, and currently, short sellers hold a 1.18% ratio of that float. The average trading volume of SPGI on October 23, 2024 was 1.04M shares.
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SPGI) stock’s latest price update
S&P Global Inc (NYSE: SPGI)’s stock price has plunge by -1.85relation to previous closing price of 523.19. Nevertheless, the company has seen a -2.83% plunge in its stock price over the last five trading sessions. youtube.com reported 2024-10-22 that Dan Yergin, vice chairman of S&P Global, and author of “The New Map: Energy, Climate and the Clash of Nations” discusses energy markets with CNBC at the IMF meetings in Washington, D.C.
SPGI’s Market Performance
S&P Global Inc (SPGI) has experienced a -2.83% fall in stock performance for the past week, with a -1.45% drop in the past month, and a 6.61% rise in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 1.40% for SPGI. The simple moving average for the last 20 days is -0.85% for SPGI stock, with a simple moving average of 11.98% for the last 200 days.
Analysts’ Opinion of SPGI
Many brokerage firms have already submitted their reports for SPGI stocks, with Evercore ISI repeating the rating for SPGI by listing it as a “Outperform.” The predicted price for SPGI in the upcoming period, according to Evercore ISI is $599 based on the research report published on October 02, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to SPGI, setting the target price at $575 in the report published on August 13th of the current year.
SPGI Trading at 0.10% 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 -3.71% of loss for the given period.
Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.00% upper at present.
During the last 5 trading sessions, SPGI fell by -2.83%, which changed the moving average for the period of 200-days by +20.00% in comparison to the 20-day moving average, which settled at $517.92. In addition, S&P Global Inc saw 16.57% 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 KELLY ROBERT P, who sale 7,662 shares at the price of $481.28 back on Aug 07 ’24. After this action, KELLY ROBERT P now owns 15,830 shares of S&P Global Inc, valued at $3,687,567 using the latest closing price.
CHEUNG MARTINA, the President, S&P Global Ratings of S&P Global Inc, sale 6,796 shares at $484.70 during a trade that took place back on Aug 07 ’24, which means that CHEUNG MARTINA is holding 6,529 shares at $3,294,037 based on the most recent closing price.
Stock Fundamentals for SPGI
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.58 for the gross margin
The net margin for S&P Global Inc stands at 0.25. The total capital return value is set at 0.09. Equity return is now at value 9.45, with 5.46 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 0.42. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 15.5.
Currently, EBITDA for the company is 5.23 billion with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 12.86. 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 1.03.
Conclusion
To put it simply, S&P Global Inc (SPGI) has had a mixed 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.
