S&P Global stock: buy or sell
Updated on:
Apr 22nd, 2021
2
S&P Global stock brief
- After hitting all-time highs on Wednesday, S&P Global closed at $382.76 merely moving a 0.98%
- S&P Global is presenting its earnings report next Tuesday
- BMO Capital Markets posted a bullish rating for S&P Global on Tuesday, with a forecast of $428.00
- S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.
Should I buy S&P Global stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SPGI stock a buy?
In the current situation of S&P Global there is not any eligible buy setup. This doesn't mean $SPGI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell S&P Global stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Similarly to when we have to buy shares, choosing when is the best time to sell is not a whimsy decision, and we must use our own trading strategy. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling stocks you already own, not for selling short S&P Global stock
As a rule of thumb, you must never hold a trade that produces higher than expected losses by the time of purchase. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell S&P Global stock?
Currently, S&P Global stock doesn't match any of our preferred sell setups, so if you hold S&P Global stock and your operation is in profit probably is not time to sell now
S&P Global ratings
In the last 30 days, 7 brokerage ratings were published for S&P Global. General sentiment is bullish, with 5 out of 7 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| Morgan Stanley | Buy |
| Apr 1st, 2021 | |
| Raymond James | |
| Apr 9th, 2021 | |
| Stifel Nicolaus | Neutral |
| Apr 12th, 2021 | |
| Morgan Stanley | Buy |
| Apr 14th, 2021 | |
| BMO Capital Markets | Buy |
| Apr 19th, 2021 | |
| Morgan Stanley | Buy |
| Apr 20th, 2021 | |
| BMO Capital Markets | Buy |
S&P Global stock analysis
In early March, the price broke out over the previous top at $335.95 on the downtrend started in November 2020. Since then, the price action resulted in a 13.93% profit.
$SPGI at new All-time Highs
On Wednesday, S&P Global reached new all-time highs (ATH) again at $383.17. Stock cracked new all-time highs 3 times in the last 2 weeks
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
Crossed over the overbought line Wednesday, with a reading of 73.51. Contrary to what many investors may think, the fact that the value is in the overvalued zone does not imply a sell point, as shares can rally during several weeks being above the level of 70
S&P Global stock price history
S&P Global started trading on Feb 21st, 1973 priced at $0.34 per share1. Since then, SPGI stock surged by 112,476.47%, with an average of 2,343.26% per year. If you had invested thousand dollars in S&P Global stock on Feb 1973, it would have a value of $1,125,764.71 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for S&P Global stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts posted by financial institutions for the last 30 days. Again, these targets are not direct recommendations for small investors and should not be trusted blindly.
Averaging all price targets exposed below, the predicted price for S&P Global stock is $417.29. S&P Global closed at $382.76 on Wednesday, so the target price is predicting a growth by 9.02%.
| Brokerage firm | Price target |
|---|---|
| Mar 24th, 2021 | |
| Morgan Stanley | $407.00 |
| Apr 1st, 2021 | |
| Raymond James | $402.00 |
| Apr 9th, 2021 | |
| Stifel Nicolaus | $385.00 → $414.00 |
| Apr 12th, 2021 | |
| Morgan Stanley | $407.00 → $421.00 |
| Apr 14th, 2021 | |
| BMO Capital Markets | $380.00 → $428.00 |
| Apr 19th, 2021 | |
| Morgan Stanley | $407.00 → $421.00 |
| Apr 20th, 2021 | |
| BMO Capital Markets | $380.00 → $428.00 |
Earnings and financials
S&P Global ($SPGI) will host the quarterly earnings call next Tuesday. Expected for this quarter is $3.03, compared to $2.71 that was reported for Q4.
S&P Global Inc. ($SPGI) published earnings of $2.71 per share last February, slightly upping the Market consensus estimate of $2.51 per share. This Q4 report means an earnings surprise of 7.97%. Company's sales resulted of $1.9 billion compared to $1.8 billion forecasted by analysts.
Same quarter one year ago, reported EPS was $2.53, so recently reported EPS means a gain of 7.11%. Sales grew a 7.61% on an annualized basis in the , from $17.4B to $18.7B last quarter.S&P Global performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| S&P Global ($SPGI) | 10.80% | 19.80% | 13.00% |
Disclaimer:
The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for education purposes onlyS&P Global summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $380 |
| Close | $382.76 |
| Day range | $379.39 - $383.17 |
| Previous close | $379.06 |
| Session gain | 0.98% |
| Average true range | $7.07 |
| 50d mov avg | $349.11 |
| 100d mov avg | $335.94 |
| 200d mov avg | $342.02 |
| Earnings date | April 27th, 2021 |