Brokerages Set $39.00 Price Target for SP Plus Corporation (SP)
SP Plus Corporation (NASDAQ:SP) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $39.00 for the company and are expecting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also assigned SP Plus Corporation an industry rank of 198 out of 265 based on the ratings given to related companies.
SP has been the topic of a number of recent research reports. ValuEngine upgraded SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, BidaskClub lowered SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.
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Shares of SP Plus Corporation (NASDAQ:SP) opened at $36.45 on Friday. The company has a market cap of $820.89, a PE ratio of 19.92, a P/E/G ratio of 2.17 and a beta of 1.01. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51.
SP Plus Corporation (NASDAQ:SP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The company had revenue of $392.70 million for the quarter, compared to analyst estimates of $228.10 million. SP Plus Corporation had a return on equity of 14.63% and a net margin of 2.64%. equities analysts forecast that SP Plus Corporation will post 1.68 earnings per share for the current fiscal year.
In other SP Plus Corporation news, Director Robert S. Roath sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total value of $2,433,900.00. Following the sale, the director now owns 36,936 shares of the company’s stock, valued at approximately $1,284,264.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total value of $302,845.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of SP. Janus Henderson Group PLC acquired a new stake in shares of SP Plus Corporation in the 2nd quarter valued at $14,540,000. Laurion Capital Management LP acquired a new stake in shares of SP Plus Corporation in the 2nd quarter valued at $11,962,000. Principal Financial Group Inc. acquired a new stake in shares of SP Plus Corporation in the 2nd quarter valued at $11,150,000. FMR LLC acquired a new stake in shares of SP Plus Corporation in the 2nd quarter valued at $10,693,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of SP Plus Corporation in the 2nd quarter valued at $8,260,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.
SP Plus Corporation Company Profile
SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.
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