Should I buy or sell SP Plus stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SP, but not buy additional shares or sell existing shares. View SP analyst ratings or view top-rated stocks .

What is SP Plus' stock price target for 2024?

2 equities research analysts have issued 12-month price objectives for SP Plus' shares. Their SP share price targets range from $52.00 to $52.00. On average, they expect the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 2.0% 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 2023?

SP Plus' stock was trading at $34.72 on January 1st, 2023. Since then, SP shares have increased by 46.8% and is now trading at $50.97. View the best growth stocks for 2023 here .

When is SP Plus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our SP earnings forecast .

How were SP Plus' earnings last quarter?

SP Plus Co. (NASDAQ:SP) released its quarterly earnings results on Wednesday, November, 1st. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. The business services provider had revenue of $228.40 million for the quarter, compared to analysts' expectations of $221.50 million. SP Plus had a net margin of 1.99% and a trailing twelve-month return on equity of 22.91%.

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?

Based on aggregate information from My MarketBeat watchlists, some companies that other SP Plus investors own include Nektar Therapeutics (NKTR) , Applied Materials (AMAT) , FTS International (FTSI) , KLA (KLAC) , Corus Entertainment (CJREF) , THOR Industries (THO) , Advanced Energy Industries (AEIS) , Casa Systems (CASA) , Western Digital (WDC) and Argan (AGX) .

Who are SP Plus' major shareholders?

SP Plus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (8.17%), Wellington Management Group LLP (7.59%), William Blair Investment Management LLC (4.52%), WCM Investment Management LLC (1.67%), Charles Schwab Investment Management Inc. (1.43%) and Northern Trust Corp (1.36%). Insiders that own company stock include G Marc Baumann, John Ricchiuto, Kristopher H Roy and Robert Toy. 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 .

SP Plus Stock Price, News & Analysis (NASDAQ:SP)

$50.97

-0.18 (-0.35%)

(As of 12/1/2023 ET)

Compare

Today's Range: $50.91
▼
$51.43
50-Day Range: $34.79
▼
$51.51
52-Week Range: $31.52
▼
$52.40

Volume: 263,419 shs
Average Volume: 155,126 shs
Market Capitalization: $1.00 billion

P/E Ratio: 29.29
Dividend Yield: N/A
Price Target: $52.00

SP Plus MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.0% Upside
$52.00 Price Target
Short Interest: Bearish
6.18% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.86%
From $2.97 to $3.53 Per Share

Overall MarketRank^™

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

1.43 out of 5 stars

Consumer Discretionary Sector

261st out of 277 stocks

Automotive Rental & Leasing, Without Drivers Industry

4th out of 5 stocks

1.0

Analyst's Opinion

Consensus Rating
SP Plus has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.00, SP Plus has a forecasted upside of 2.0% from its current price of $50.97.
Amount of Analyst Coverage
SP Plus has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.18% of the float of SP Plus has been sold short.
Short Interest Ratio / Days to Cover
SP Plus has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in SP Plus has recently increased by 7.34%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
SP Plus does not currently pay a dividend.
Dividend Growth
SP Plus does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SP.

2.2

News and Social Media Coverage

News Sentiment
SP Plus has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for SP Plus this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for SP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added SP Plus to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SP Plus insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.38% of the stock of SP Plus is held by insiders.
Percentage Held by Institutions
96.63% of the stock of SP Plus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for SP Plus are expected to grow by 18.86% in the coming year, from $2.97 to $3.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SP Plus is 29.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of SP Plus is 29.29, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.12.
Price to Book Value per Share Ratio
SP Plus has a P/B Ratio of 3.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SP Plus Stock (NASDAQ:SP)

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+, AeroParker, and KMP Digitata 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, Bags, AeroParker, MetroParker, and KMP Digitata brands. It serves private and public owners, municipalities, managers and developers of office buildings, residential and 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.

SP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SP Stock News Headlines

November 30, 2023 | americanbankingnews.com

SP Plus (NASDAQ:SP) Earns Hold Rating from Analysts at StockNews.com

November 23, 2023 | americanbankingnews.com

SP Plus (NASDAQ:SP) Now Covered by Analysts at StockNews.com

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 2, 2023 | msn.com

SP Plus (SP) Price Target Increased by 6.63% to 60.18

November 1, 2023 | msn.com

SP Plus GAAP EPS of $0.46

November 1, 2023 | finance.yahoo.com

SP Plus Corporation Announces Third Quarter 2023 Results

November 1, 2023 | finance.yahoo.com

SP Plus Corp (SP) Announces Record Gross Profit in Q3 2023

October 31, 2023 | benzinga.com

Earnings Outlook For SP Plus

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 26, 2023 | finance.yahoo.com

SP Plus Corporation to Release Third Quarter 2023 Results on November 1, 2023

October 21, 2023 | msn.com

Barrington Research Downgrades SP Plus (SP)

October 17, 2023 | finance.yahoo.com

SP Plus Corporation Launches its AeroParker Online Booking Reservation System at Airports in Illinois, Kentucky, South Dakota, and Texas

October 12, 2023 | finance.yahoo.com

Best Momentum Stocks to Buy for October 12th

October 9, 2023 | finance.yahoo.com

Why Fast-paced Mover SP Plus (SP) Is a Great Choice for Value Investors

October 7, 2023 | msn.com

William Blair Downgrades SP Plus (SP)

October 6, 2023 | businesswire.com

SP PLUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SP Plus Corporation - SP

October 6, 2023 | finance.yahoo.com

Strength Seen in SP Plus (SP): Can Its 44.7% Jump Turn into More Strength?

October 6, 2023 | msn.com

SP Plus to be Acquired by Metropolis Technologies in $1.5 Billion Deal; Shares Surge

October 6, 2023 | finance.yahoo.com

SP Plus Corporation (NASDAQ:SP) Shares Could Be 46% Below Their Intrinsic Value Estimate

October 6, 2023 | markets.businessinsider.com

Metropolis Technologies To Buy SP Plus For $1.5 Bln In Cash; SP Up Over 47%

October 6, 2023 | bizjournals.com

Parking payment firm Metropolis to buy Chicago parking company SP Plus for $1.5 billion

October 5, 2023 | finance.yahoo.com

Why SP Plus Stock Skyrocketed 42% This Week

October 5, 2023 | finance.yahoo.com

Why Sp Plus Stock Blasted 45% Higher Today

October 5, 2023 | markets.businessinsider.com

Lamb Weston, SP Plus And Other Big Stocks Moving Higher On Thursday

October 5, 2023 | marketwatch.com

SP Plus Shares Rise 48% to All-Time High After Buyout

October 5, 2023 | msn.com

SP Plus (NASDAQ:SP) Soars on $1.5B Acquisition by Metropolis Tech

October 5, 2023 | techcrunch.com

AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

See More Headlines

Receive SP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SP Plus and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 11/01/2023
Today: 12/02/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Automotive rental & leasing, without drivers
Sub-Industry: Environmental & Facilities Services
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SP
CUSIP: 85379010
CIK: 1059262
Web: www.spplus.com
Phone: (312) 274-2000
Fax: 312-640-6169
Employees: 19,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $52.00
High Stock Price Target: $52.00
Low Stock Price Target: $52.00
Potential Upside/Downside: +2.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.74
Trailing P/E Ratio: 29.29
Forward P/E Ratio: 17.16
P/E Growth: N/A
Net Income: $45.20 million
Net Margins: 1.99%
Pretax Margin: 2.99%
Return on Equity: 22.91%
Return on Assets: 4.74%

Debt

Debt-to-Equity Ratio: 1.37
Current Ratio: 0.78
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $1.55 billion
Price / Sales: 0.64
Cash Flow: $4.36 per share
Price / Cash Flow: 11.68
Book Value: $12.83 per share
Price / Book: 3.97

Miscellaneous

Outstanding Shares: 19,650,000
Free Float: 19,379,000
Market Cap: $1.00 billion
Optionable: Optionable
Beta: 1.25

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

Mr. G. Marc Baumann (Age 67)
Chairman, CEO & President
Comp: $1.83M
Mr. Kristopher H. Roy (Age 48)
CFO & Treasurer
Comp: $831.82k
Mr. Robert A. Miles (Age 61)
President of Bags
Comp: $606.38k
Mr. Gary T. Roberts (Age 46)
Senior VP, Corporate Controller, Assistant Treasurer & Principal Accounting Officer
Ms. Wenyu T. Blanchard (Age 49)
Chief Legal Officer & Corporate Secretary
Ms. Connie H. Jin
Senior Vice President of Corporate Development
Ms. Colleen Kozak
Chief Human Resources Officer
Mr. Jeff Eckerling
Chief Growth Officer
Ms. Ritu Vig (Age 45)
President of the Aviation Division
Mr. Christopher R. Sherman (Age 47)
President of Commercial Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SP Stock Analysis - Frequently Asked Questions

Should I buy or sell SP Plus stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SP, but not buy additional shares or sell existing shares.
View SP analyst ratings or view top-rated stocks.
What is SP Plus' stock price target for 2024?: 2 equities research analysts have issued 12-month price objectives for SP Plus' shares. Their SP share price targets range from $52.00 to $52.00. On average, they expect the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 2.0% 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 2023?: SP Plus' stock was trading at $34.72 on January 1st, 2023. Since then, SP shares have increased by 46.8% and is now trading at $50.97.
View the best growth stocks for 2023 here.
When is SP Plus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our SP earnings forecast.
How were SP Plus' earnings last quarter?: SP Plus Co. (NASDAQ:SP) released its quarterly earnings results on Wednesday, November, 1st. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. The business services provider had revenue of $228.40 million for the quarter, compared to analysts' expectations of $221.50 million. SP Plus had a net margin of 1.99% and a trailing twelve-month return on equity of 22.91%.

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?: Based on aggregate information from My MarketBeat watchlists, some companies that other SP Plus investors own include Nektar Therapeutics (NKTR), Applied Materials (AMAT), FTS International (FTSI), KLA (KLAC), Corus Entertainment (CJREF), THOR Industries (THO), Advanced Energy Industries (AEIS), Casa Systems (CASA), Western Digital (WDC) and Argan (AGX).
Who are SP Plus' major shareholders?: SP Plus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (8.17%), Wellington Management Group LLP (7.59%), William Blair Investment Management LLC (4.52%), WCM Investment Management LLC (1.67%), Charles Schwab Investment Management Inc. (1.43%) and Northern Trust Corp (1.36%). Insiders that own company stock include G Marc Baumann, John Ricchiuto, Kristopher H Roy and Robert Toy.
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.

This page (NASDAQ:SP) was last updated on 12/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial