S&P Global Inc. (SPGI) shares are trading at higher $351.78 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $386.92.
To add more color to this target, the company’s high over the last year is $379.87 and the low is $186.05. Over the last 52 weeks, SPGI is up 32.92% while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SPGI reported a profit of $1.33 billion. S&P Global Inc. also saw revenues increase to $1.85 billion. In addition, SPGI has free cash flow of $2.38 billion as of 09-2020. The company’s EBITDA came in at $998.0 million which compares well with its peers.
SPGI booked profit margins of 33.20%, and its Return on Assets is 21.90%. All told, it is clear that, SPGI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SPGI has a short ratio of 2.40 and outstanding shares of 240.60M.
SPGI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.92 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 9.99. S&P Global Inc. SPGI also noted assets of $11.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SPGI has historically followed its peers on positive news.
All told, S&P Global Inc. SPGI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SPGI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
S&P Global Inc. SPGI is now commanding a market cap of 83.76B and a float of 240.30M. SPGI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SPGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SPGI, either long or short, and we have not been compensated for this article.