How to Buy S&P Global Stock
S&P Global Inc
S&P Global is a financial datum & stock exchange company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker SPGI on the NYSE exchange.
S&P Global stock last closed at $365.41, down 0.85% from the previous day, and has increased 17.71% in one year. It has overperformed other stocks in the Financial Data & Stock Exchanges industry by 0.02 percentage points. S&P Global stock is currently +30.82% from its 52-week low of $279.32, and -14.75% from its 52-week high of $428.65.
There are currently 318.2M SPGI shares outstanding. The market cap of SPGI is $116.27B. In the last 24 hours, 1.14M SPGI shares were traded.
How to Buy S&P Global Stock
Not sure how to invest in S&P Global stock? Here's how.
- Decide where to buy S&P Global stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy S&P Global stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your info.
- Analyze S&P Global stock: The S&P Global ticker symbol is SPGI. Is S&P Global stock a good investment? Should you buy shares of SPGI? How do SPGI's underlying business fundamentals look? Do top analysts think S&P Global is a good buy? Why has SPGI's stock price moved recently? (Hint: Our stock market research website can help you figure out if SPGI is a good stock to buy).
- Place your SPGI purchase: Decide if you will purchase SPGI shares at the current market price or use a limit order to purchase SPGI stock at a particular price.
- Watch your SPGI position: Create a watchlist to get the latest news on your investment in S&P Global shares.
Step 1: Decide where to buy S&P Global stock
You will need a brokerage account in order to access the NYSE market and buy SPGI shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can invest in SPGI today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal data to create a new brokerage account.
- Send your application by clicking the "Create Account" button.
Step 3: Fund your investment account
Now that you have finished signing up on the best investment app, you need to deposit funds:
Check out this video walkthrough if you need help depositing money into your brokerage account.
Step 4: Analyze S&P Global stock
After you have chosen the best place to buy S&P Global stock, it's very important to research their stock prior to buying, so you truly understand the risk as well as the upside.
Overview of key SPGI info
S&P Global Fundamentals
WallStreetZen was built to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on SPGI's stock page.
How is SPGI stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SPGI's true value.
Using relative valuations ratios:
- SPGI may be overvalued based on its P/E ratio of 50.68x, relative to Financial Data & Stock Exchanges industry P/E ratio of 42.88x
- SPGI could be undervalued based on its P/B ratio of 3.28x, relative to Financial Data & Stock Exchanges industry P/B ratio of 3.94x
- SPGI may be overvalued based on its PEG ratio of 1.39x
You can access additional valuation research on SPGI's stock here.
SPGI Financial Health
Positive Financial Indicators:
- SPGI earnings of $3.40B is not enough to cover its interest payments.
- Total SPGI debt is lower than 5 years ago, relative to shareholder equity.
- SPGI's operating cash flow of $3.29B allows it to safely service it's debt of $12.05B.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the SPGI balance sheet.
- SPGI profit margin has gone down from 38.5% to 19.5% in the past year.
- SPGI has a relatively high debt to equity ratio of 0.61.
- There are more short-term liabilities than short-term assets on the SPGI balance sheet.
Is it a good time to buy SPGI stock, according to analysts?
Out of 9 Equities analysts who give recommendations on SPGI, the consensus analyst rating on SPGI is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest SPGI Analyst Ratings
Jeffrey Meuler, a top 20% analyst from Baird maintains SPGI with a buy rating and lowers their SPGI price target from $460.00 to $451.00, on Jul 28, 2023.
Owen Lau, a bottom 19% analyst from Oppenheimer maintains SPGI with a buy rating and raises their SPGI price target from $425.00 to $441.00, on Jul 28, 2023.
Manav Patnaik, a top 6% analyst from Barclays maintains SPGI with a strong buy rating and raises their SPGI price target from $425.00 to $470.00, on Jul 28, 2023.
Barclays's Manav Patnaik raised their price target on S&P Global Inc (NYSE: SPGI) by 10.59% from $425.00 to $470.00 on 2023/07/28. The analyst maintained their Strong Buy rating on the stock.
In their post-print view on S&P Global's Q2 2023 earnings (released 2023/07/27), Patnaik focused on the Street's reaction to the metrics, saying "Investors expected the Ratings-driven revenue beat but were disappointed by margin flow through."
Barclays, however, has a different take, the analyst said, seeing the issue as largely just the timing of expense benefit flow through."
Therefore, their firm believes "there is upside potential against S&P Global's FY 2023 earnings guidance, Patnaik said.
Footnotes
For Q2 2023, the company reported:
- EPS of $3.12, in line with the Zacks Consensus Estimate and ahead of Q2 2022's $2.81 by 11%.
- Revenue of $3.1B, which beat the Zacks Consensus Estimate by 1.13% and, by 3.7%, Q2 2022's $2.99B.
For FY 2023, management guided:
- Revenue growth of 4% to 6%.
- Operating profit margin of 45.5% to 46.5%.
- Capex of $140M.
- EPS of $12.35 to $12.55.
President & CEO Douglas Peterson commented: “We are pleased to deliver revenue growth in Q2, and we anticipate further revenue growth through the remainder of the year.
"With the current rapid pace of technological advancement, particularly in the area of AI, we have never been more excited about the potential for powerful new solutions and tools that S&P Global will soon be able to bring to our customers.”
Seth Weber, a top 27% analyst from Wells Fargo maintains SPGI with a strong buy rating and raises their SPGI price target from $415.00 to $450.00, on Jul 13, 2023.
Patrick O'Shaughnessy, a bottom 4% analyst from Raymond James maintains SPGI with a buy rating and raises their SPGI price target from $413.00 to $421.00, on Jul 12, 2023.
You can dive deeper into what analysts are saying on the S&P Global stock forecast page.
SPGI Momentum
SPGI Performance Metrics
Last year, SPGI earnings were $2.35B. Over the last 5 year, SPGI's earnings have grown by 2.32% per year. This was faster than the Financial Data & Stock Exchanges industry average of 1.57%.
Last year, SPGI revenue was $12.06B. During the past 5 year, SPGI's revenue has increased by 13.95% per year. This was faster than the Financial Data & Stock Exchanges industry average of 8.66%.
Find out more about SPGI's earnings and revenue performance here.
Latest Insiders Trades at SPGI
Over the last year, insiders at SPGI have sold more shares than they have bought.
Saugata Saha, President Commodity Insights of SPGI, was the latest SPGI insider to sell. They sold $39,445.00 worth of SPGI stock on Sep 5, 2023.
Dig into more about who owns SPGI stock here.
Does SPGI stock generate passive income?
S&P Global pays a dividend of 0.97%, compared to the Financial Data & Stock Exchanges industry's average dividend yield of 1.57%. If you owned $1,000 of SPGI stock, you would have been paid $9.72 last year.
S&P Global dividend payments have consistently grown over the past decade and have remained stable.
Find more data about S&P Global dividend yield and history here.
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Step 5: Place your SPGI purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will place your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Watch your SPGI position
Now that you own some SPGI shares, you'll want to stay up-to-date on your new shares.
Make a watchlist to track the latest developments regarding your SPGI stock.
SPGI Feed
How to Buy Stock in S&P Global
To summarize, here are the 6 steps to buy S&P Global stock:
- Decide where to buy S&P Global stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze S&P Global stock
- Place your SPGI purchase
- Watch your SPGI position
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in S&P Global, create a watchlist today.
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