S&P Global stock: buy or sell

SPGI stock price: $382.76 0.98% At close on Apr 21st, 2021

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

S&P Global analysts' ratings - Last 30 days
Brokerage firmRating
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

SPGI stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $378.24 (-1.18% below)
  • S2: $366.69 (-4.20% below)
  • S3: $366.56 (-4.23% below)
  • 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

    SPGI stock Bollinger Bands chart

    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

    SPGI stock RSI chart

    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

    SPGI stock price history chart

    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%.

    S&P Global stock price predictions
    Brokerage firmPrice 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

    SPGI performance compared
    Company1m3m6m
    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 only

    S&P Global summary

    Wednesday, April 21st, 2021
    Open$380
    Close$382.76
    Day range$379.39 - $383.17
    Previous close$379.06
    Session gain0.98%
    Average true range$7.07
    50d mov avg$349.11
    100d mov avg$335.94
    200d mov avg$342.02
    Earnings dateApril 27th, 2021

    Frequently asked questions

    What is S&P Global stock symbol?

    S&P Global Inc. is a public company trading in the US stock market with the SPGI symbol

    Is S&P Global stock a buy or sell?

    S&P Global received 7 ratings in the last 30 days: 5 bullish, 0 bearish and 1 neutral.

    Will SPGI go up?

    S&P Global had different price predictions issued by analysts in the last 30 days forecasting the target price to $417.29. That is a 9.02% than the current price ($382.76).