Standard Parking Corp. Sets New 1-Year High at $27.70 (STAN)
Standard Parking Corp. (NASDAQ:STAN) set a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $27.70 and last traded at $27.50, with a volume of 85,684 shares. The stock had previously closed at $27.47.
A number of analysts have recently weighed in on STAN shares. Analysts at Zacks upgraded shares of Standard Parking Corp. (NASDAQ:STAN) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $29.30 price target on the stock. Analysts at Research Capital raised their price target on shares of Standard Parking Corp. (NASDAQ:STAN) from $25.00 to $26.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.65.
In other Standard Parking Corp. news, EVP Michael Wolf sold 6,000 shares of Standard Parking Corp. stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $24.90, for a total value of $149,400.00. Following the transaction, the executive vice president now directly owns 30,279 shares in the company, valued at approximately $753,947. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Standard Parking Corp. has a 52 week low of $19.34 and a 52 week high of $27.55. The stock has a 50-day moving average of $23.85 and a 200-day moving average of $22.38. The company has a market cap of $603.5 million and a P/E ratio of 4578.33.
Standard Parking Corp. (NASDAQ:STAN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.05. The company had revenue of $211.89 million for the quarter, compared to the consensus estimate of $211.88 million. During the same quarter last year, the company posted $0.42 earnings per share. Standard Parking Corp.’s revenue was up 144.1% compared to the same quarter last year. On average, analysts predict that Standard Parking Corp. will post $0.81 earnings per share for the current fiscal year.
Standard Parking Corporation is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States and Canada.
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