Analysts rate SPDR S&P 500 (SPY:NYE) with a consensus Hold rating.

STA Research
by: STA Research

Analysts rate SPDR S&P 500 with a consensus Hold rating.

STA Research Assigns a Hold rating on SPDR S&P 500 and sets the target price at $400 on the company’s stock. The analyst believes the trading range is going to be between $300-$400 over the next several months, until the market can find solid direction.

Based on the SPDR® S&P 500 stock forecasts from 1 analysts, the average analyst target price for SPDR® S&P 500 is USD 400.00 over the next 12 months. SPDR® S&P 500’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of SPDR® S&P 500 is Bullish , which is based on 4 positive signals and 1 negative signals. At the last closing, SPDR® S&P 500’s stock price was USD 383.25SPDR® S&P 500’s stock price has changed by +0.77% over the past week, -6.93% over the past month and -11.48% over the last year.

The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

What we don’t like:

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

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