Standard Parking Corp. Lowered to “Neutral” at Zacks (STAN)
Standard Parking Corp. (NASDAQ:STAN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday, AnalystRatings.Net reports. They currently have a $29.30 price objective on the stock. Zacks‘ target price points to a potential upside of 11.53% from the company’s current price.
Separately, analysts at Research Capital raised their price target on shares of Standard Parking Corp. 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.65.
Shares of Standard Parking Corp. (NASDAQ:STAN) traded down 0.65% on Monday, hitting $26.10. The stock had a trading volume of 87,358 shares. Standard Parking Corp. has a one year low of $19.34 and a one year high of $28.09. The stock’s 50-day moving average is $26.60 and its 200-day moving average is $23.39. The company has a market cap of $571.9 million and a price-to-earnings ratio of 4378.33.
Standard Parking Corp. (NASDAQ:STAN) last announced its earnings results 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 in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 144.1% on a year-over-year basis. Analysts expect that Standard Parking Corp. will post $0.81 EPS 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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