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 stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $45.50 for the company and are predicting that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SP Plus an industry rank of 33 out of 256 based on the ratings given to related companies.

Several brokerages recently commented on SP. Zacks Investment Research downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. BidaskClub downgraded shares of SP Plus from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Barrington Research reaffirmed a “buy” rating and issued a $43.00 target price on shares of SP Plus in a research note on Friday, February 22nd. Finally, ValuEngine downgraded shares of SP Plus from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th.

Shares of NASDAQ SP opened at $32.75 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.93. SP Plus has a 52 week low of $27.13 and a 52 week high of $41.35. The firm has a market capitalization of $748.24 million, a P/E ratio of 14.00, a PEG ratio of 1.26 and a beta of 1.03.

SP Plus (NASDAQ:SP) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. SP Plus had a net margin of 3.21% and a return on equity of 15.92%. The company had revenue of $409.40 million for the quarter, compared to the consensus estimate of $234.85 million. On average, analysts anticipate that SP Plus will post 2.61 earnings per share for the current fiscal year.

In other SP Plus news, EVP Gerard M. Klaisle sold 1,060 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $35.00, for a total transaction of $37,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Ricchiuto sold 4,913 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $36.08, for a total transaction of $177,261.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,673 shares of company stock worth $303,961. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of SP Plus by 7.8% in the 4th quarter. BlackRock Inc. now owns 1,694,634 shares of the business services provider’s stock worth $50,058,000 after buying an additional 122,255 shares during the period. Vanguard Group Inc grew its position in shares of SP Plus by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 1,340,041 shares of the business services provider’s stock worth $48,912,000 after buying an additional 11,602 shares during the period. Vanguard Group Inc. grew its position in shares of SP Plus by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,340,041 shares of the business services provider’s stock worth $48,912,000 after buying an additional 11,602 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SP Plus by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,192,387 shares of the business services provider’s stock worth $35,223,000 after buying an additional 7,262 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of SP Plus by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 880,994 shares of the business services provider’s stock worth $26,025,000 after buying an additional 8,283 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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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