SP Plus Corp (NASDAQ:SP) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $42.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given SP Plus an industry rank of 72 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently commented on SP shares. BidaskClub downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research upgraded shares of SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Saturday, November 4th.
A number of institutional investors have recently added to or reduced their stakes in SP. BlackRock Inc. grew its stake in SP Plus by 2.3% during the fourth quarter. BlackRock Inc. now owns 1,367,713 shares of the business services provider’s stock worth $50,742,000 after buying an additional 30,340 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in SP Plus by 9.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,174,996 shares of the business services provider’s stock worth $43,592,000 after buying an additional 96,861 shares during the period. Dimensional Fund Advisors LP grew its stake in SP Plus by 16.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,067,822 shares of the business services provider’s stock worth $42,179,000 after buying an additional 153,730 shares during the period. Vanguard Group Inc. grew its stake in SP Plus by 22.3% during the second quarter. Vanguard Group Inc. now owns 942,891 shares of the business services provider’s stock worth $28,805,000 after buying an additional 172,123 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in SP Plus during the second quarter worth approximately $14,540,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.
Shares of SP Plus (NASDAQ:SP) traded up $0.75 during midday trading on Monday, hitting $37.25. The stock has a market capitalization of $838.89, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.00 and a beta of 1.07. SP Plus has a 1 year low of $27.70 and a 1 year high of $41.70. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.50.
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SP Plus 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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