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S&P Global (SPGI) Set to Gain From Climate Service Buyout

The deal is expected to enhance S&P Global's (SPGI) portfolio of essential ESG data, scores, benchmarks and insights.

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This story originally appeared on Zacks

S&P Global Inc.SPGI announced that it has completed the acquisition of The Climate Service.

- Zacks

Based in Durham, NC, The Climate Service, Inc. has generated an application for physical climate risk analytics for corporates, investors and governments. It offers the Climanomics platform, a tool which quantifies climate risk. The company was founded in 2017.

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

Zacks Investment ResearchImage Source: Zacks Investment Research

How Will S&P Global Benefit?

The deal is expected to enhance S&P Global's portfolio of essential environmental, social, and governance ("ESG") insights and solutions’ capabilities. This should help S&P Global modify its climate data, models and analytics-related offerings.

Dr Richard Mattison, president, S&P Global Sustainable1, stated, "We are delighted to introduce the best-in-class offering of The Climate Service to S&P Global's ESG solutions, bringing an additional layer of critical insight to our leading suite of climate analytics. Our comprehensive coverage across global markets combined with in-depth ESG intelligence provides financial institutions, corporations and governments with the clarity and confidence to make decisions with conviction."

Zacks Rank and Stocks to Consider

S&P Global currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks in the broader Business Services sector are Avis Budget CAR and Cross Country Healthcare (CCRN), both sporting a Zacks Rank #1, and Charles River Associates (CRAI), carrying a Zacks Rank #2 (Buy).

Avis Budget has an expected earnings growth rate of 420.6% for the current year. The company has a trailing four-quarter earnings surprise of 76.9%, on average.

Avis Budget’s shares have surged 744.3% in the past year. The company has a long-term earnings growth of 18.8%.

Cross Country Healthcare has an expected earnings growth rate of 447.8% for the current year. The company has a trailing four-quarter earnings surprise of 75%, on average.

Cross Country Healthcare’s shares have surged 201% in the past year. The company has a long-term earnings growth of 21.5%.

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

Charles River’s shares have surged 119.3% in the past year. The company has a long-term earnings growth of 15.5%.



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Charles River Associates (CRAI): Free Stock Analysis Report

 

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S&P Global Inc. (SPGI): Free Stock Analysis Report

 

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