S&P Global Inc (NYSE: SPGI) has reported earnings for its third fiscal quarter (ending September 30) of $3.12 versus $2.34 for the same period a year ago — an increase of 33%. For the latest four quarters through September 30, E.P.S. were $11.35 versus $7.75 for the same period a year ago — an increase of 46%.
Recent Price Action
S&P Global Inc (NYSE: SPGI) stock declined by -3.5% on 10/24/24. The shares closed at $493.21. Moreover, unusually high trading volume at 169% of normal accompanied the decline. The stock has declined -6.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SPGI is expected to continue to be a Value Builder.
S&P Global has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. S&P Global has a good Appreciation Score of 82 and a very high Power Rating of 89, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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