The price of S&P Global Inc (NYSE:SPGI) shares last traded on Wall Street rose 1.30% to $504.75.
SPGI stock price is now -0.27% away from the 50-day moving average and 6.62% away from the 200-day moving average. The market capitalization of the company currently stands at $156.62B.
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With the price target of $600, Citigroup recently initiated with Buy rating for S&P Global Inc (NYSE: SPGI). On October 02, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $599, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Manis Dimitra, Officer bought 1,293 shares of the company’s stock on Dec 12 ’24. The stock was bought for $668,996 at an average price of $517.40. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, President, Market Intelligence Saha Saugata sold 500 shares of the business’s stock. A total of $261,500 was realized by selling the stock at an average price of $523.00. This leaves the insider owning 1,427 shares of the company worth $0.72 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, S&P Global Inc has had a low of $407.69 and a high of $533.29. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 0.94, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $167351648256, which is based on a 44.53 price-to-earnings ratio, a 3.14 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for SPGI is $506.5744 and a two-hundred day moving average price translates $473.01056 for the stock.
The latest earnings results from S&P Global Inc (NYSE: SPGI) was released for 2024-09-30. The net profit margin was 25.80% and return on equity was 10.23% for SPGI. The company reported revenue of $3.58 billion for the quarter, compared to $3.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.92 percent. For the current quarter, analysts expect SPGI to generate $3.43B in revenue.