S&P Global Inc (NYSE: SPGI) has reported earnings for its third fiscal quarter (ending September 30) of $2.34 versus $1.84 for the same period a year ago — an increase of 27%. However, this result fell short of the consensus estimate of $3.04 by $-0.70. For the latest four quarters through September 30, E.P.S. were $7.75 versus $11.75 for the same period a year ago — a decline of -34%.
Recent Price Action
On 11/2/23, S&P Global Inc (NYSE: SPGI) stock enjoyed a very large increase of 7.0%, closing at $375.92. The stock has risen 7.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SPGI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
S&P Global has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. S&P Global has a good Power Rating of 82 and a very high Appreciation Score of 88, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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