Standard Motor Products Hits New 12-Month High at $43.78 (SMP)
Standard Motor Products (NYSE:SMP) reached a new 52-week high during trading on Friday , American Banking and Market News reports. The company traded as high as $43.78 and last traded at $43.62, with a volume of 29,854 shares trading hands. The stock had previously closed at $42.82.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Standard Motor Products in a research note on Friday, May 2nd. They now have a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.33.
The stock’s 50-day moving average is $40.16 and its 200-day moving average is $36.02. The company has a market cap of $993.4 million and a P/E ratio of 18.47.
Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, May 1st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $232.80 million for the quarter, compared to the consensus estimate of $236.65 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Standard Motor Products will post $2.68 EPS for the current fiscal year.
Standard Motor Products, Inc (NYSE:SMP) is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry, with a focus on the original equipment service market.
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