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NFLX   242.70 (-0.58%)
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NVDA   179.42 (-0.86%)
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BABA   94.87 (+2.64%)
AMD   98.12 (-0.94%)
MU   62.32 (+1.50%)
T   18.04 (+0.17%)
CGC   3.15 (-4.26%)
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DIS   117.69 (+4.68%)
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NASDAQ:SP

SP Plus - SP Stock Forecast, Price & News

$35.56
-0.58 (-1.60%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.45
$36.65
50-Day Range
$28.47
$36.14
52-Week Range
$25.29
$37.17
Volume
58,698 shs
Average Volume
78,382 shs
Market Capitalization
$827.69 million
P/E Ratio
16.39
Dividend Yield
N/A
Price Target
$47.00

SP Plus MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.2% Upside
$47.00 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.66mentions of SP Plus in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$281,320 Sold Last Quarter
Proj. Earnings Growth
7.93%
From $2.90 to $3.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Consumer Discretionary Sector

54th out of 289 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 5 stocks

SP stock logo

About SP Plus (NASDAQ:SP) Stock

SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services. The company also offers facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; security services comprising training and hiring of security officers and patrol, as well as customized services and technology; and an online and mobile app consumer platform through parking.com website. In addition, it provides multi-platform marketing services, including SP+ branded websites that offer clients a platform for marketing their facilities, mobile applications, search marketing, email marketing, and social media campaigns. The company offers its services primarily under the SP+, Sphere, and Bags brands. It serves private and public owners, municipalities and governments, managers and developers of office buildings, residential properties, commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels and resorts, healthcare facilities and medical centers, airlines, and cruise lines. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is headquartered in Chicago, Illinois.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SP shares. Barrington Research reiterated an "outperform" rating and issued a $47.00 price objective (up from $46.00) on shares of SP Plus in a report on Monday, May 16th. StockNews.com upgraded SP Plus from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 5th.

SP Plus Price Performance

NASDAQ:SP opened at $36.14 on Thursday. The company has a market capitalization of $840.69 million, a price-to-earnings ratio of 16.65 and a beta of 1.43. The company has a 50-day moving average of $31.87 and a 200-day moving average of $30.36. SP Plus has a 52 week low of $25.29 and a 52 week high of $37.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.62 and a current ratio of 0.62.

Insider Buying and Selling

In related news, CEO G Marc Baumann sold 2,000 shares of SP Plus stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $37.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief executive officer now directly owns 187,879 shares of the company's stock, valued at approximately $6,951,523. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is owned by corporate insiders.

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SP Stock News Headlines

SP Plus Co. (NASDAQ:SP) CEO Sells $74,000.00 in Stock
2023 Ducati Monster SP incoming!
Will SP Plus (SP) Gain on Rising Earnings Estimates?
SP Plus (NASDAQ:SP) Raised to "Strong-Buy" at StockNews.com
See More Headlines
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SP Company Calendar

Last Earnings
10/26/2021
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Environmental & Facilities Services
CUSIP
85379010
Employees
16,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+32.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$31.70 million
Pretax Margin
4.68%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Cash Flow
$2.93 per share
Book Value
$10.64 per share

Miscellaneous

Free Float
23,036,000
Market Cap
$827.69 million
Optionable
Optionable
Beta
1.42

Key Executives

  • Mr. G. Marc Baumann (Age 66)
    Chairman, CEO & Pres
    Comp: $2M
  • Mr. Kristopher H. Roy (Age 47)
    CFO & Treasurer
    Comp: $726.45k
  • Mr. John Ricchiuto (Age 65)
    Pres of Airport Division
    Comp: $740.63k
  • Mr. Robert M. Toy (Age 65)
    Pres of Commercial Division
    Comp: $926.3k
  • Mr. Robert A. Miles (Age 60)
    Pres of Bags
    Comp: $551.99k
  • Mr. Gary T. Roberts (Age 45)
    Sr. VP, Corp. Controller, Assistant Treasurer & Principal Accounting Officer
  • Ms. Ritu Vig
    Chief Legal Officer & Sec.
  • Jill Nagel
    Sr. Communications Mang.
  • Ms. Connie H. Jin
    Sr. VP of Corp. Devel.
  • Ms. Colleen Kozak
    Chief HR Officer













SP Stock - Frequently Asked Questions

Should I buy or sell SP Plus stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SP shares.
View SP analyst ratings
or view top-rated stocks.

What is SP Plus' stock price forecast for 2022?

2 brokers have issued 12-month price objectives for SP Plus' stock. Their SP share price forecasts range from $47.00 to $47.00. On average, they anticipate the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
View analysts price targets for SP
or view top-rated stocks among Wall Street analysts.

How have SP shares performed in 2022?

SP Plus' stock was trading at $28.22 at the start of the year. Since then, SP stock has increased by 26.1% and is now trading at $35.59.
View the best growth stocks for 2022 here
.

When is SP Plus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SP earnings forecast
.

How were SP Plus' earnings last quarter?

SP Plus Co. (NASDAQ:SP) issued its earnings results on Tuesday, October, 26th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The business services provider had revenue of $161.60 million for the quarter, compared to analysts' expectations of $152.30 million. SP Plus had a trailing twelve-month return on equity of 23.97% and a net margin of 3.36%. During the same quarter in the previous year, the company posted $0.62 earnings per share.

What guidance has SP Plus issued on next quarter's earnings?

SP Plus issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $2.86-$3.10 for the period, compared to the consensus estimate of $2.73. The company issued revenue guidance of -.

What is Marc Baumann's approval rating as SP Plus' CEO?

56 employees have rated SP Plus Chief Executive Officer Marc Baumann on Glassdoor.com. Marc Baumann has an approval rating of 64% among the company's employees.

What other stocks do shareholders of SP Plus own?

What is SP Plus' stock symbol?

SP Plus trades on the NASDAQ under the ticker symbol "SP."

Who are SP Plus' major shareholders?

SP Plus' stock is owned by a number of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (7.15%), William Blair Investment Management LLC (3.81%), Rock Point Advisors LLC (1.26%), Wedge Capital Management L L P NC (0.88%), North Star Investment Management Corp. (0.83%) and Assenagon Asset Management S.A. (0.81%). Insiders that own company stock include G Marc Baumann, Gerard M Klaisle, John Ricchiuto and Kristopher H Roy.
View institutional ownership trends
.

How do I buy shares of SP Plus?

Shares of SP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SP Plus' stock price today?

One share of SP stock can currently be purchased for approximately $35.59.

How much money does SP Plus make?

SP Plus (NASDAQ:SP) has a market capitalization of $828.54 million and generates $1.18 billion in revenue each year. The business services provider earns $31.70 million in net income (profit) each year or $2.17 on an earnings per share basis.

How many employees does SP Plus have?

The company employs 16,600 workers across the globe.

How can I contact SP Plus?

SP Plus' mailing address is 200 EAST RANDOLPH STREET SUITE 7700, CHICAGO IL, 60601. The official website for the company is www.spplus.com. The business services provider can be reached via phone at (312) 274-2000, via email at investor_relations@standardparking.com, or via fax at 312-640-6169.

This page (NASDAQ:SP) was last updated on 8/11/2022 by MarketBeat.com Staff

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