Shares of SP Plus Corp (NASDAQ:SP) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $45.50 for the company and are forecasting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also assigned SP Plus an industry rank of 27 out of 256 based on the ratings given to related companies.
Several brokerages recently commented on SP. BidaskClub cut shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded shares of SP Plus from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of SP Plus from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Saturday, August 3rd. Finally, Barrington Research set a $43.00 price objective on shares of SP Plus and gave the company a “buy” rating in a research note on Friday, July 12th.
Shares of NASDAQ SP traded up $0.22 during midday trading on Friday, hitting $35.04. The company had a trading volume of 54,339 shares, compared to its average volume of 92,362. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.59 and a quick ratio of 0.59. SP Plus has a twelve month low of $27.13 and a twelve month high of $41.20. The firm has a 50-day simple moving average of $33.55. The firm has a market cap of $780.95 million, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04.
SP Plus (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.06. SP Plus had a net margin of 3.10% and a return on equity of 15.99%. The firm had revenue of $414.20 million during the quarter, compared to analysts’ expectations of $238.15 million. Research analysts forecast that SP Plus will post 2.71 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in SP. Dimensional Fund Advisors LP raised its position in shares of SP Plus by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,192,387 shares of the business services provider’s stock valued at $35,223,000 after buying an additional 7,262 shares during the last quarter. BlackRock Inc. raised its position in shares of SP Plus by 7.8% in the fourth quarter. BlackRock Inc. now owns 1,694,634 shares of the business services provider’s stock valued at $50,058,000 after buying an additional 122,255 shares during the last quarter. We Are One Seven LLC raised its position in shares of SP Plus by 99.9% in the first quarter. We Are One Seven LLC now owns 15,199 shares of the business services provider’s stock valued at $518,000 after buying an additional 7,597 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SP Plus in the first quarter valued at approximately $228,000. Finally, WCM Investment Management LLC raised its position in shares of SP Plus by 63.8% in the first quarter. WCM Investment Management LLC now owns 510,745 shares of the business services provider’s stock valued at $17,427,000 after buying an additional 198,951 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.
SP Plus Company Profile
SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.
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