S&P Global Inc. (SPGI) Monthly Report
Publication Date: September 22, 2024
Company Overview
S&P Global Inc. (SPGI), headquartered in New York, is a premier provider in the financial data and stock exchanges industry, focusing on the financial services sector. Founded in 1860, S&P Global delivers a broad array of credit ratings, benchmarks, analytics, and workflow solutions catering to capital, commodity, and automotive markets. The company operates through key segments including S&P Global Market Intelligence, S&P Global Ratings, and S&P Dow Jones Indices, each offering specialized data and insights essential for informed investment decision-making.
Financial Performance and Stock Recommendation
S&P Global’s strong financial profile is underscored by an impressive total revenue of approximately $13.28 billion. Current market sentiment favors a “buy” recommendation, supported by analysts projecting a target high price of $610.00. This indicates a positive outlook for potential price appreciation, with the current trading price at $523.67. Additionally, with a mean target price of $546.17 and a median of $549.00 from 19 analyst opinions, the consensus suggests significant upside potential. The relatively low short interest at approximately 0.0136% of the float further reflects bullish investor sentiment, indicating limited speculation against this stock.
Market Volatility and Price Targets
The stock has displayed notable volatility, trading close to its 52-week high of $528.02 while experiencing a low of $340.49 during this period. This performance suggests a high level of investor interest alongside potential price fluctuations. The fifty-day moving average stands at $498.46, illustrating positive momentum as the current price exceeds this average. With the highest target price set at $610.00, analysts maintain a strong belief in the stock’s upward movement potential. However, it is essential to note that the absence of EBITDA data leaves some uncertainties regarding the firm’s complete earnings picture. Investors should consider these dynamics while evaluating S&P Global as a potential investment opportunity.
| Metric | Value |
|---|---|
| Market Cap | $163.9b |
| Total Debt | $12.0b |
| Total Cash | $2.0b |
| Shares Outstanding | 313.0m |
| Float Shares | 312.3m |
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