The stock price of S&P Global Inc (NYSE: SPGI) has jumped by 0.16 compared to previous close of 502.31. Despite this, the company has seen a fall of -1.40% in its stock price over the last five trading days. 247wallst.com reported 2024-11-20 that Around 100 stock split announcements were made from its universe of 11,000 global equities in Q2 2024.
Is It Worth Investing in S&P Global Inc (NYSE: SPGI) Right Now?
The price-to-earnings ratio for S&P Global Inc (NYSE: SPGI) is above average at 44.39x. The 36-month beta value for SPGI is also noteworthy at 1.19. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 7 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 309.97M, and at present, short sellers hold a 1.44% of that float. The average trading volume of SPGI on November 21, 2024 was 1.14M shares.
SPGI’s Market Performance
The stock of S&P Global Inc (SPGI) has seen a -1.40% decrease in the past week, with a -2.02% drop in the past month, and a 0.88% gain in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.68% for SPGI. The simple moving average for the past 20 days is 1.48% for SPGI’s stock, with a 8.41% simple moving average for the past 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 -1.27% 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 -5.66% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -1.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.46% lower at present.
During the last 5 trading sessions, SPGI fell by -1.40%, which changed the moving average for the period of 200-days by +11.00% in comparison to the 20-day moving average, which settled at $495.81. In addition, S&P Global Inc saw 14.21% 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 Saha Saugata, who sale 500 shares at the price of $503.60 back on Nov 20 ’24. After this action, Saha Saugata now owns 1,927 shares of S&P Global Inc, valued at $251,800 using the latest closing price.
Saha Saugata, the President, Market Intelligence of S&P Global Inc, sale 500 shares at $503.85 during a trade that took place back on Nov 13 ’24, which means that Saha Saugata is holding 2,427 shares at $251,925 based on the most recent closing price.
Stock Fundamentals for SPGI
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.67 for the gross margin
The net margin for S&P Global Inc stands at 0.26. The total capital return value is set at 0.1. Equity return is now at value 10.23, with 5.87 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 0.46. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 17.3.
Currently, EBITDA for the company is 5.72 billion with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 12.08. The receivables turnover for the company is 5.22for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In summary, S&P Global Inc (SPGI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
