Standard Motor Products Sets New 1-Year High at $45.39 (SMP)
Standard Motor Products (NYSE:SMP) reached a new 52-week high during trading on Tuesday , Analyst RN reports. The company traded as high as $45.39 and last traded at $45.09, with a volume of 30,190 shares changing hands. The stock had previously closed at $44.67.
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 research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $37.33.
The stock’s 50-day moving average is $42.82 and its 200-day moving average is $37.28. The company has a market cap of $1.039 billion and a price-to-earnings ratio of 19.27.
Standard Motor Products (NYSE:SMP) last released its earnings data on Thursday, May 1st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Standard Motor Products will post $2.68 earnings per share 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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