S&P Global Inc [SPGI] stock prices are up 0.87% to $412.11 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPGI shares have lost -2.81% over the last week, with a monthly amount drifted -2.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wolfe Research started tracking the stock with Outperform rating on September 14, 2023, and set its price target to $453. On June 15, 2023, BofA Securities initiated with a Buy rating. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $415 on May 09, 2023. Atlantic Equities upgraded its rating to a Overweight and raised its price target to $386 on November 07, 2022. In a note dated May 17, 2022, Redburn initiated an Buy rating.
The stock price of S&P Global Inc [SPGI] has been fluctuating between $338.92 and $461.16 over the past year. Currently, Wall Street analysts expect the stock to reach $439.42 within the next 12 months. S&P Global Inc [NYSE: SPGI] shares were valued at $412.11 at the most recent close of the market. An investor can expect a potential return of 6.63% based on the average SPGI price forecast.
Analyzing the SPGI fundamentals
The S&P Global Inc [NYSE:SPGI] reported sales of 12.50B for trailing twelve months, representing a surge of 7.32%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 409.77 points at the first support level, and at 407.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 414.20, and for the 2nd resistance point, it is at 416.28.
Ratios To Look Out For
It’s worth pointing out that S&P Global Inc [NYSE:SPGI]’s Current Ratio is 0.84. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 10.56, the price to book ratio is 3.88 and price to earnings (TTM) ratio is 50.06.
Transactions by insiders
Recent insider trading involved Peterson Douglas L., CEO & President, that happened on Feb 15 ’24 when 6000.0 shares were sold. CEO & President, Peterson Douglas L. completed a deal on Nov 15 ’23 to sell 6000.0 shares. Meanwhile, EVP & Chief Financial Officer Steenbergen Ewout L sold 23502.0 shares on Sep 05 ’23.
