As of Thursday close, S&P Global Inc.’s (NYSE:SPGI) stock was down -$13.93, moving down -3.61 percent to $372.31. The average number of shares traded per day over the past five days has been 1,162,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$23.88 fall in that time frame. In the last twenty days, the average volume was 991,555, while in the previous 50 days, it was 1,169,458.
Since last month, SPGI stock retreated -2.93%. Shares of the company fell to $372.16 on 09/21/23, the lowest level in the past month. A 52-week high of $428.65 was reached on 07/26/23 after having rallying from a 52-week low of $279.32. Since the beginning of this year, SPGI’s stock price has risen by 11.16% or $37.37, and marked a new high 25 times. However, the stock has declined by -13.14% since its 52-week high.
SPGI stock investors should be aware that S&P Global Inc. (SPGI) stock had its last reported insider trading activity 17 days ago on Sep 05. Steenbergen Ewout L, the EVP & Chief Financial Officer of the company, disposed of 23,502 shares for $400.00 on Sep 05. It resulted in a $9,400,800 divestment by the insider. Saha Saugata sold 100 shares at an average price of $394.45 on Sep 05. The insider now owns 834 shares following the transaction. On Aug 28, President, Commodity Insights Saha Saugata sold 200 shares at $390.13 apiece. The transaction was valued at $78,026.
Valuation Metrics
Right now, S&P Global Inc. (SPGI) has a P/E ratio of about 51.51. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 10.02, the price-to-book (PB) ratio of 3.35, and the price-to-cash flow ratio of 37.99 may also be considered.
The latest dividend of $0.90 per share was paid out, remained unchanged from last year’s $0.90. On Wednesday January 25 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, S&P Global Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.30, and the total debt-to-equity ratio was 0.32. On the profitability front, the trailing twelve-month gross margin is 65.80% percent. In the year ended June 29, EBITDA margin amounted to 39.83%, whereas operating margins totaled 30.10%. Based on annual data, SPGI earned $7.42 billion in gross profit and brought in $11.18 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.90%. Return on equity (ROE) for the past 12 months was 6.50%.
In S&P Global Inc.’s quarter-end financial report for June 29, it reported total debt of $10.68 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected S&P Global Inc. to report $3.14 quarterly earnings, the actual figure was $3.12 per share, beating the consensus estimate by -0.60%. During the quarter, the company generated $1.2 billion in EBITDA. The liabilities of S&P Global Inc. were 25.14 billion at the end of its most recent quarter ended June 29, and its total debt was $12.16 billion. The value of shareholders’ equity is $318.2 million.
Technical Picture
This quick technical analysis looks at S&P Global Inc.’s (SPGI) price momentum. With a historical volatility rate of 22.75%, the RSI 9-day stood at 25.18% on 21 September.
With respect to its five-day moving average, the current S&P Global Inc. price is down by -6.03% percent or -$23.88. At present, SPGI shares trade -4.96% below its 20-day simple moving average and +2.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.42% below its SMA50 and +3.48% above its SMA200.
Stochastic coefficient K was 9.58% and Stochastic coefficient D was 16.08%, while ATR was 6.68. Given the Stochastic reading of 0.49% for the 14-day period, the RSI (14) reading has been calculated as 31.80%. As of today, the MACD Oscillator reading stands at -4.97, while the 14-day reading stands at -6.99.
Analyst Ratings
Wolfe Research launched its rating on S&P Global Inc. (NYSE: SPGI) to an Outperform in a note to investors on September 14, 2023. S&P Global Inc. (SPGI) has been rated Buy by analysts. According to 0 brokerage firms, SPGI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate S&P Global Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $452.00, the current consensus forecast for the stock is $415.00 – $485.00. Based on these forecasts, analysts predict S&P Global Inc. (SPGI) will achieve an average price target of $448.80.
