What’s S&P Global Inc. (SPGI) Upside After Touching 52-Week High?

July 13, 2018 - By Sonya McDaniel

The stock of S&P Global Inc. (NYSE:SPGI) hit a new 52-week high and has $222.94 target or 6.00 % above today’s $210.32 share price. The 9 months bullish chart indicates low risk for the $52.85 billion company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $222.94 price target is reached, the company will be worth $3.17B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.20% or $0.43 during the last trading session, reaching $210.32. About 361,593 shares traded. S&P Global Inc. (NYSE:SPGI) has risen 42.41% since July 13, 2017 and is uptrending. It has outperformed by 29.84% the S&P500.

Analysts await S&P Global Inc. (NYSE:SPGI) to report earnings on July, 26. They expect $2.12 EPS, up 23.26 % or $0.40 from last year’s $1.72 per share. SPGI’s profit will be $532.75M for 24.80 P/E if the $2.12 EPS becomes a reality. After $2.00 actual EPS reported by S&P Global Inc. for the previous quarter, Wall Street now forecasts 6.00 % EPS growth.

More recent S&P Global Inc. (NYSE:SPGI) news were published by: Nasdaq.com which released: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” on June 20, 2018. Also Prnewswire.com published the news titled: “June 2018 US Rig Counts Up 10% from June 2017 – S&P Global Platts” on July 08, 2018. Streetinsider.com‘s news article titled: “TheStreet, Inc. (TST) Sells RateWatch Unit to S&P Global (SPGI) for $33.5M” with publication date: June 20, 2018 was also an interesting one.

S&P Global Inc. provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company has market cap of $52.85 billion. It operates through three divisions: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. It has a 34.07 P/E ratio. The Ratings segment provides credit ratings, research and analytics, information, and benchmarks to the investors, issuers, and other market participants.

S&P Global Inc. (NYSE:SPGI) Ratings Chart

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