S&P Global Inc. (NYSE:SPGI) has received a consensus rating of “Buy” from the seventeen ratings firms currently covering the company, as reported by Bloomberg.com. This positive sentiment among analysts is reflected in the average 12-month target price, which stands at $404.00 based on updated stock coverage in the past year.
In recent news, insider Saugata Saha sold 200 shares of S&P Global’s stock on Monday, August 28th. The transaction took place at an average price of $390.13, resulting in a total value of $78,026.00. Following this sale, Saugata Saha now holds 934 shares in the company, valued at approximately $364,381.42.
The details regarding this transaction were provided in a document filed with the Securities & Exchange Commission (SEC), accessible through a link provided by Bloomberg.com. Saugata Saha’s sale of 200 shares was not an isolated occurrence either; another transaction involving the sale of 200 shares was also carried out on August 28th at an average price of $390.13.
Moreover, CEO Douglas L. Peterson sold 9,657 shares of S&P Global’s stock on Monday, July 31st. These shares were sold at an average price of $394.11, amounting to a total transaction value of $3,805,920.27. Following this sale, Peterson now owns 172,113 shares in the company with an approximate market value of $67,831,454.43.
These insider transactions have resulted in a cumulative selling activity that amounts to approximately 21,657 shares over the last ninety days. In terms of ownership percentage within the company itself though these transactions indicate low levels as insiders own only 0.10% of S&P Global’s stock.
Turning focus towards financial performance and latest reports released by Bloomberg.com show that S&P Global posted its quarterly earnings data on Thursday, July 27th. The business services provider reported an earnings per share (EPS) of $3.12 for the quarter, which matched the consensus estimate. The firm’s return on equity stood at 10.45% with a net margin of 19.46%. Moreover, S&P Global recorded revenue of $3.10 billion during the quarter compared to the consensus estimate of $3.05 billion. These figures demonstrate a positive growth trajectory for the company as it experienced a 3.6% increase in revenue compared to the same period last year.
Looking ahead, sell-side analysts have predicted that S&P Global will post an EPS of 12.5 for the current fiscal year, showcasing further growth potential.
In conclusion, S&P Global has received favorable ratings from analysts and has been recognized as a “Buy” stock by seventeen research firms. Insider transactions involving sales made by Saugata Saha and CEO Douglas L. Peterson have taken place in recent months, contributing to valuable insights into stock trading patterns within the company itself. With positive financial performance indicators such as robust revenue growth, strong return on equity, and healthy net margins, S&P Global holds promising prospects for investors moving forward in this fiscal year.
S&P Global Inc.
SPGI
Strong Buy
Updated on: 05/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Analyzing S&P Global’s Performance and Investor Sentiment
On September 22, 2023, the business services provider S&P Global saw a flurry of activity in terms of analyst reports and investor transactions. Several analysts released their reports on the stock, offering varying perspectives on its performance.
StockNews.com initiated coverage of S&P Global on August 17th. They assigned a “hold” rating for the company, indicating a neutral stance. Barclays, on the other hand, increased their price target on S&P Global from $425.00 to $470.00 and gave it an “overweight” rating in a report released on July 28th. This suggests that Barclays sees potential for the stock to outperform market expectations.
In another report from September 14th, Wolfe Research assumed coverage of S&P Global and assigned it an “outperform” rating with a $453.00 price target. This indicates positive sentiment towards the stock’s performance and suggests that Wolfe Research believes it has room for growth.
Similarly, Robert W. Baird issued a research note on July 28th, lowering their target price from $460.00 to $451.00 but maintaining an “outperform” rating for the company. It is important to note that these ratings imply different levels of confidence in S&P Global’s future.
Lastly, Bank of America initiated coverage on June 15th and assigned a “buy” rating for shares of S&P Global—indicating optimism about its prospects.
In terms of investor activity, several large institutional investors bought or sold shares of SPGI (S&P Global). Bank Julius Baer & Co. Ltd Zurich significantly increased its holdings by approximately 96,853.6% during Q2, now owning over 636 billion shares valued at $255 billion; Norges Bank acquired a new stake worth $1.1 billion during Q4; Clearbridge Investments LLC also increased its position by over ten thousand percent during Q1; Morgan Stanley grew its stake by 49.9% during Q4, now holding over 4 million shares; and Northern Trust Corp increased its holdings by 39.5% during Q1.
As of September 22, 2023, S&P Global’s stock opened at $372.14. The company has a current ratio of 0.78, indicating its ability to meet short-term obligations. The quick ratio is also 0.78, further suggesting that the company has sufficient liquidity. S&P Global has a debt-to-equity ratio of 0.30, indicating a relatively conservative capital structure.
Over the past twelve months, the stock has traded between a low of $279.32 and a high of $428.65—a considerable range in terms of price fluctuations. With a market capitalization of $118.41 billion, S&P Global is firmly established as a major player in the business services sector.
From a valuation perspective, S&P Global currently has a price-earnings (P/E) ratio of 51.40, which may indicate that the stock is relatively expensive compared to its earnings per share (EPS). However, when considering future growth potential, the P/E-to-growth (PEG) ratio provides additional insight. At a P/E/G ratio of 2.42, the stock suggests that investors are willing to pay more for anticipated earnings growth.
In terms of market dynamics and volatility, S&P Global has a beta of 1.12—an indicator that it is likely to exhibit slightly higher volatility than the broader market.
In conclusion, on September 22nd, several analysts issued reports on S&P Global’s performance and outlook for future growth—a topic that drew attention from various large institutional investors as well. The rating and price target disparities indicate differing opinions on the stock’s potential trajectory. With strong investor interest and activity throughout the year, S&P Global remains an important player in the business services sector, solidifying its market position.
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