S&P Global Inc (NYSE:SPGI)’s 12-Month Price Target Is Now Set At 510.

In last trading session, S&P Global Inc (NYSE:SPGI) saw 0.82 million shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $489.82 trading at $6.49 or 1.34% at ring of the bell on the day assigns it a market valuation of $153.26B. That closing price of SPGI’s stock is at a discount of -1.7% from its 52-week high price of $498.15 and is indicating a premium of 30.49% from its 52-week low price of $340.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.09 million shares which gives us an average trading volume of 1.14 million if we extend that period to 3-months.

For S&P Global Inc (SPGI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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S&P Global Inc (NYSE:SPGI) trade information

Upright in the green during last session for gaining 1.34%, in the last five days SPGI remained trading in the green while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $489.82 price level, adding 1.67% to its value on the day. S&P Global Inc’s shares saw a change of 11.19% in year-to-date performance and have moved 2.08% in past 5-day. S&P Global Inc (NYSE:SPGI) showed a performance of 9.25% in past 30-days. Number of shares sold short was 2.2 million shares which calculate 1.93 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 462 to the stock, which implies a fall of -6.02% to its current value. Analysts have been projecting 385 as a low price target for the stock while placing it at a high target of 510. It follows that stock’s current price would jump 21.4% in reaching the projected high whereas dropping to the targeted low would mean a gain of 21.4% for stock’s current value.

S&P Global Inc (SPGI) estimates and forecasts

Statistics highlight that S&P Global Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.01% of value to its shares in past 6 months, showing an annual growth rate of 13.25% while that of industry is 4.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.26% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 13.77% while estimates for its earnings growth in next 5 years are of 13.20%.

SPGI Dividends

With an annual yield of 0.74%, the share has a forward dividend of 3.62 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.84%.

S&P Global Inc (NYSE:SPGI)’s Major holders

Insiders are in possession of 0.19% of company’s total shares while institution are holding 89.59 percent of that, with stock having share float percentage of 89.75%. Investors also watch the number of corporate investors in a company very closely, which is 89.59% institutions for S&P Global Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SPGI for having 28.78 million shares of worth $12.24 billion. And as of 2024-03-31, it was holding 9.1235 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 24.34 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.7161 of outstanding shares, having a total worth of $10.35 billion.