S&P Global Inc (NYSE:SPGI) saw a downside of -1.29% to $366.66 after subtracting -$4.8 on Tuesday. The 5-day average trading volume is 904,975 shares of the company’s common stock. It has gained $392.11 in the past week and touched a new high 1 time within the past 5 days. An average of 988,734 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,148,569.
SPGI’s 1-month performance is -5.57% or -$21.09 on its low of $365.00 reached on 09/26/23. The company’s shares have touched a 52-week low of $279.32 and high of $428.65, with the stock’s rally to the 52-week high happening on 07/26/23. YTD, SPGI has achieved 9.47% or $32.24 and has reached a new high 25 times. However, the current price is down -14.46% from the 52-week high price.
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Insider Transactions
SPGI stock investors last saw insider trading activity on Sep 05.Steenbergen Ewout L (EVP & Chief Financial Officer) most recently sold 23,502 shares at $400.00 per share on Sep 05. This transaction cost the insider $9,400,800. President, Commodity Insights, Saha Saugata, sold 100 shares at a price of $394.45 on Sep 05. Then, on Aug 28, President, Commodity Insights Saha Saugata sold 200 shares at a price of $390.13 per share. This transaction amounted to $78,026.
Valuation Metrics
SPGI stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.68 while the price-to-book (PB) in the most recent quarter is 3.29, with the price to cash flow ratio at 36.67.
S&P Global Inc’s quick ratio for the period ended June 29 was 0.78, with the current ratio over the same period at 0.78. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.32, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 56.34%. The trailing 12-month EBITDA margin is 39.83% while for the period ending June 29, S&P Global Inc’s operating margin was 33.28%. The firm’s gross profit as reported stood at $7.42 billion against revenue of $11.18 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected SPGI to announce $3.14 per share in earnings in its latest quarter, but it posted $3.12, representing a -0.60% 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 25.14 billion, with total debt at $12.16 billion. Shareholders hold equity totaling $318.2 million.
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 25 September was 21.02% to suggest the stock is trending oversold, with historical volatility in this time period at 21.97%.
The stock’s 5-day moving average is $373.78, reflecting a -5.68% or -$22.13 change from its current price. SPGI is currently trading -5.95% above its 20-day SMA, +4.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.03% and SMA200 by+4.45%.
Stochastic %K and %D was 5.38% and 3.74% and the average true range (ATR) pointed at 6.14. The RSI (14) points at 28.28%, while the 14-day stochastic is at 6.94% with the period’s ATR at 6.21. The stock’s 9-day MACD Oscillator is pointing at -11.24 and -14.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for S&P Global Inc (NYSE: SPGI), Wolfe Research launched coverage with an Outperform rating. Analysts offering their rating for SPGI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SPGI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 16 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 $415.00 and a high of $485.00, with their median price target at $452.00. Looking at these predictions, the average price target given by analysts is for S&P Global Inc (SPGI) stock is $448.80.
