What’s Propelling S&P Global Inc. (SPGI) to Reach 52-Week High?

June 13, 2018 - By Linda Rogers

The stock of S&P Global Inc. (NYSE:SPGI) hit a new 52-week high and has $223.94 target or 8.00 % above today’s $207.35 share price. The 7 months bullish chart indicates low risk for the $52.11B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $223.94 price target is reached, the company will be worth $4.17B 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 0.07% or $0.14 during the last trading session, reaching $207.35. About 1.01 million shares traded. S&P Global Inc. (NYSE:SPGI) has risen 42.41% since June 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 $2.13 EPS, up 23.84 % or $0.41 from last year’s $1.72 per share. SPGI’s profit will be $535.27 million for 24.34 P/E if the $2.13 EPS becomes a reality. After $2.00 actual EPS reported by S&P Global Inc. for the previous quarter, Wall Street now forecasts 6.50 % EPS growth.

Another recent and important S&P Global Inc. (NYSE:SPGI) news was published by Globenewswire.com which published an article titled: “Analysis: Positioning to Benefit within Ruth’s Hospitality Group, S&P Global, Shaw Communications, Leap Therapeutics …” on June 13, 2018.

S&P Global Inc. provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company has market cap of $52.11 billion. It operates through three divisions: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. It has a 33.59 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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