SP Plus Corp Downgraded to “Underperform” at Zacks (SP)
SP Plus Corp (NYSE:SP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday. They currently have a $20.40 price target on the stock. Zacks‘s price target suggests a potential downside of 4.98% from the stock’s previous close.
Shares of SP Plus Corp (NYSE:SP) traded up 0.61% during mid-day trading on Wednesday, hitting $21.60. The stock had a trading volume of 5,229 shares. SP Plus Corp has a 52-week low of $20.50 and a 52-week high of $28.09. The stock’s 50-day moving average is $22.07 and its 200-day moving average is $24.56.
SP Plus Corp (NYSE:SP) last released its earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.18. Analysts expect that SP Plus Corp will post $0.76 EPS for the current fiscal year.
SP Plus Corp, formerly 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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