S&P Global Inc. (SPGI): Technicals Say You should Hold

S&P Global Inc. (NYSE:SPGI) saw a downside of -0.18% to close Thursday at $424.12 after subtracting -$0.77 on the day. The 5-day average trading volume is 1,134,028 shares of the company’s common stock. It has gained $451.59 in the past week and touched a new high 1 time within the past 5 days. An average of 1,046,787 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,153,207.

SPGI’s 1-month performance is -4.27% or -$23.47 on its low of $420.03 reached on 09/28/21. The company’s shares have touched a 52-week low of $303.50 and high of $456.63, with the stock’s rally to the 52-week high happening on 09/09/21. YTD, SPGI has achieved 29.25% or $96.42 and has reached a new high 50 times. However, the current price is down -7.12%% from the 52-week high price.


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Insider Transactions

On May 14, 140 days have gone by since the last insider trading activity for S&P Global Inc. (SPGI). Peterson Douglas L. (CEO & President) most recently sold 7,000 shares at $379.05 per share on May 14. This transaction cost the insider $2,653,382. CEO & President, Peterson Douglas L., sold 7,000 shares at a price of $340.69 on Feb 16. Then, on Nov 16, CEO & President Peterson Douglas L. sold 7,000 shares at a price of $339.54 per share. This transaction amounted to $2,376,748.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 44.60 and a low of 13.53. SPGI stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.03 while the price-to-book (PB) in the most recent quarter is 80.93, with the price to cash flow ratio at 35.63.

S&P Global Inc. pays an annual dividend of $3.08 per share. Its dividend yield is 0.73% and the payout ratio is 28.10%. SPGI paid $0.77 a share compared with prior rate of $0.77, down 0.0% from last year’s. The company has boosted its dividend for the last 48 consecutive years with the latest dividend increase of $0.10 reported on Wednesday January 27 2021. Measured over the last 3 years, the Dividend has been growing by 63.41% yearly.

It is projected that S&P Global Inc.’s next ex-dividend date will be on 24-Nov-2021. SPGI is expected to distribute $0.77 as its next dividend.

S&P Global Inc.’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.10 meaning that SPGI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.25, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 72.70%The trailing 12-month EBITDA margin is 53.61% while for the period ending June 29; S&P Global Inc.’s operating margin was 45.40%. The firm’s gross profit as reported stood at $5.35 billion against revenue of $7.44 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. S&P Global Inc.’s return on assets over the past 12 months stands at 19.60%. Return on investment over the past year is 57.20%, while its return on equity (ROE) trailing 12 months is 303.20%. In comparison, the average ROE for the broader industry over the past year is 8.37.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 7.74% to $2.11 billion, while revenue of $2.02 billion was 4.27% off the previous quarter. Analysts expected SPGI to announce $3.27 per share in earnings in its latest quarter, but it posted $3.62, representing a 10.70% surprise. EBITDA for the quarter stood at more than $1.2 billion. SPGI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.07 billion, with total debt at $4.91 billion. Shareholders hold equity totaling $241.0 million

Technical Picture

Let’s look briefly at S&P Global Inc. (SPGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 25.78% to suggest the stock is trending oversold, with historical volatility in this time period at 24.62%.

The stock’s 5-day moving average is $429.62, reflecting a -6.16% or -$27.93 change from its current price. SPGI is currently trading -5.40% above its 20-day SMA, +11.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.56% and +31.28% respectively.

Stochastic %K and %D was 15.26% and 18.13% and the average true range (ATR) pointed at 8.73. The RSI (14) points at 33.48%, while the 14-day stochastic is at 14.48% with the period’s ATR at 8.26. The stock’s 9-day MACD Oscillator is pointing at -12.63 and -16.79 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for S&P Global Inc. (NYSE: SPGI), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for SPGI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPGI as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.

What is SPGI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $455.00 and a high of $536.00, with their median price target at $476.00. Looking at these predictions, the average price target given by analysts is for S&P Global Inc. (SPGI) stock is $481.36.

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