S&P Global Trades at 25 Times Earnings After the Post-Earnings Drop. Is the Ratings Moat Worth It?
Itʻs not often that S&P Global stock is in negative territory.
Overview
S&P Global (NYSE: SPGI) stock is doing something it rarely does -- it's having a bad year.
Since it spun off from McGraw Hill in 2016, it has had only one negative year, 2022, when the stock fell 29%. Over the past 10 years since the spinoff, it has beaten the benchmark that it owns with an average annualized return of 13.8%, compared to 13.6% for the S&P 500.
Details
But it is heading for its second negative year this year, as the stock price is down about 16% as of Aug. 5. A good chunk of that decline has come in the past month, as shares have dropped about 6%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.