Barrington Research reaffirmed their buy rating on shares of SP Plus (NASDAQ:SP) in a research note published on Monday, AnalystRatings.com reports.

Several other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of SP Plus from a hold rating to a sell rating in a research note on Monday, August 3rd. BidaskClub upgraded shares of SP Plus from a strong sell rating to a sell rating in a research note on Thursday, August 6th. Finally, Zacks Investment Research upgraded shares of SP Plus from a sell rating to a hold rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. SP Plus has a consensus rating of Hold and an average price target of $39.67.

SP opened at $18.74 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.00. SP Plus has a 52-week low of $14.44 and a 52-week high of $47.33. The company has a 50 day moving average of $17.80 and a two-hundred day moving average of $24.85. The company has a market cap of $430.96 million, a P/E ratio of -6.27, a P/E/G ratio of 1.29 and a beta of 1.16.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new stake in SP Plus in the second quarter valued at $2,120,000. Bank of Montreal Can raised its holdings in SP Plus by 181.4% in the second quarter. Bank of Montreal Can now owns 3,216 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 2,073 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in SP Plus by 35.3% in the second quarter. Tocqueville Asset Management L.P. now owns 25,850 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 6,750 shares in the last quarter. Telemark Asset Management LLC raised its holdings in SP Plus by 11.1% in the second quarter. Telemark Asset Management LLC now owns 200,000 shares of the business services provider’s stock valued at $4,142,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in SP Plus by 0.8% in the second quarter. Prudential Financial Inc. now owns 208,244 shares of the business services provider’s stock valued at $4,313,000 after acquiring an additional 1,703 shares in the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

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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