S&P Global (SPGI) to Benefit from Acquisition of Climate Services – January 5, 2022

S&P Global inc.(SPGI Free Report) announced that it has completed the acquisition of The Climate Service.

Based in Durham, North Carolina, The Climate Service, Inc. has generated a physical climate risk analysis application for businesses, investors and governments. It offers the Climanomics platform, a tool for quantifying climate risk. The company was founded in 2017.

Over the past year, shares of S&P Global have gained 39.9%, surpassing the 11.8% growth of the industry it belongs to and the 29.5% rise of the Zacks S&P 500 composite.

Image source: Zacks Investment Research

What will be the advantages of S&P Global?

The agreement is expected to enhance S&P Global’s portfolio of critical environmental, social and governance (“ESG”) information and solutions. This should help S&P Global change its climate data, models and analytics offerings.

Dr Richard Mattison, President of S&P Global Sustainable1, said: “We are delighted to present The Climate Service’s best offering to S&P Global ESG solutions, bringing an additional layer of essential information to our leading suite of climate analyzes. . Our comprehensive coverage of global markets, combined with deep ESG intelligence, gives financial institutions, businesses and governments the clarity and confidence to make decisions with conviction. “

Rank of Zacks and actions to consider

S&P Global currently holds a Zacks Rank # 3 (Hold). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Some top-ranked stocks in the broader business services sector are Budget Notice (AUTO Free report) and Cross Country Health Care (CCRN Free report) ), both sporting a Zacks Rank # 1, and Charles River Associates (CRA Free report) ), wearing a Zacks Rank # 2 (Buy).

Avis Budget has an expected profit growth rate of 420.6% for the current year. The company has a surprise earnings for the last four quarters of 76.9% on average.

Avis Budget shares have jumped 744.3% in the past year. The company shows long-term profit growth of 18.8%.

Cross Country Healthcare has an expected profit growth rate of 447.8% for the current year. The company has a surprise of 75% on average over the last four quarters.

Shares of Cross Country Healthcare have jumped 201% in the past year. The company shows long-term profit growth of 21.5%.

Charles River Associates has an expected earnings growth rate of 61.2% for the current year. The company has a surprise earnings for the last four quarters of 51%, on average.

Charles River shares have jumped 119.3% in the past year. The company shows long-term profit growth of 15.5%.

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