NASDAQ:SP

SP Plus (SP) Stock Forecast, Price & News

$36.10

-0.30 (-0.82%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $35.70
▼
$36.40
50-Day Range: $34.79
▼
$41.71
52-Week Range: $30.51
▼
$42.29

Volume: 83,500 shs
Average Volume: 75,040 shs
Market Capitalization: $709.37 million

P/E Ratio: 18.42
Dividend Yield: N/A
Price Target: $52.00

SP Plus MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 44.0% Upside
$52.00 Price Target
Short Interest: Healthy
0.58% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 19.59%
From $2.96 to $3.54 Per Share

Overall MarketRank^™

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

2.60 out of 5 stars

Consumer Discretionary Sector

79th out of 272 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
SP Plus has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no 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 44.0% from its current price of $36.10.
Amount of Analyst Coverage
SP Plus has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.58% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SP Plus has recently increased by 3.99%, indicating that investor sentiment is decreasing.

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.

3.3

News and Social Media Coverage

News Sentiment
SP Plus has a news sentiment score of 1.89. 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 0.64 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for SP Plus this week, compared to 3 articles on an average week.
MarketBeat Follows
1 people have added SP Plus to their MarketBeat watchlist in the last 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 19.59% in the coming year, from $2.96 to $3.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SP Plus is 18.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of SP Plus is 18.42, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.23.
Price to Book Value per Share Ratio
SP Plus has a P/B Ratio of 3.23. 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 (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+, 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 Price History

30 days | 90 days | 365 days | Advanced Chart

SP Stock News Headlines

September 14, 2023 | fool.com

Sp Plus (NASDAQ: SP)

September 13, 2023 | finance.yahoo.com

SP Plus (SP) Loses -11.34% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

October 2, 2023 | Stansberry Research (Ad)

U.S. "Shadow Banks" About to Blow up again?

Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.

September 10, 2023 | msn.com

SP Plus: Still Appealing Despite Mixed Results

September 6, 2023 | msn.com

SP Plus: Even A Slight Improvement In Gross Margins Will Do

August 29, 2023 | msn.com

SP Plus enters five-year parking, shuttle operations contract at Eppley Airport

August 29, 2023 | finance.yahoo.com

SP Plus Corporation Announces Five-Year Parking and Shuttle Operations Contract at Eppley Airport in Omaha

August 22, 2023 | finance.yahoo.com

SP Plus Corporation Launches its Bags® Branded Remote Airline Check-in at Charleston International Airport

October 2, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

August 17, 2023 | markets.businessinsider.com

SP Plus (SP) Receives a Buy from Phillip Securities

August 16, 2023 | finance.yahoo.com

SP Plus Corporation Deploys its Sphere® Suite of Technology at Baltimore Peninsula

August 15, 2023 | finance.yahoo.com

Investing in SP Plus (NASDAQ:SP) three years ago would have delivered you a 113% gain

August 5, 2023 | msn.com

Ravens observations on an ‘uphill climb’ for the offense, nine interceptions by the defense and more

August 3, 2023 | msn.com

SP Plus GAAP EPS of $0.62, revenue of $442.2M

August 3, 2023 | finance.yahoo.com

SP Plus Corporation Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

SP Plus (SP) Q2 Earnings and Revenues Top Estimates

July 25, 2023 | marketwatch.com

SP Plus Buys Roker Intellectual Property, Client Contracts

July 25, 2023 | finance.yahoo.com

SP Plus Corporation Acquires Assets of Roker Inc., a Fully-Integrated Mobility Management Platform that Enhances Our Existing Sphere Suite of Solutions

July 19, 2023 | finance.yahoo.com

SP Plus Corporation to Release Second Quarter 2023 Results on August 2, 2023

July 13, 2023 | finance.yahoo.com

SP Plus Corporation Launches its AeroParker Online Booking Reservation System at George Bush Intercontinental, and William P. Hobby Airports

July 10, 2023 | finance.yahoo.com

SP Plus Corporation Awarded Five-Year Contract Extension at McCormick Place in Chicago

June 30, 2023 | finance.yahoo.com

At US$39.45, Is SP Plus Corporation (NASDAQ:SP) Worth Looking At Closely?

June 26, 2023 | forbes.com

2023 Ducati Monster SP: Ducati’s Top Seller Gets Track Ready

June 21, 2023 | finance.yahoo.com

Recent Price Trend in SP Plus (SP) is Your Friend, Here's Why

June 20, 2023 | markets.businessinsider.com

Phillip Securities Sticks to Their Buy Rating for SP Plus (SP)

June 5, 2023 | finance.yahoo.com

SP Plus (SP) Is a Great Choice for 'Trend' Investors, Here's Why

June 1, 2023 | msn.com

SP Plus: Fundamentals Say One Thing, The Market Says Another

See More Headlines

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SP Company Calendar

Last Earnings: 8/02/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $52.00
High Stock Price Forecast: $52.00
Low Stock Price Forecast: $52.00
Forecasted Upside/Downside: +44.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.96
Trailing P/E Ratio: 18.42
Forward P/E Ratio: 12.20
P/E Growth: N/A
Net Income: $45.20 million
Net Margins: 2.35%
Pretax Margin: 3.47%
Return on Equity: 23.68%
Return on Assets: 4.95%

Debt

Debt-to-Equity Ratio: 1.46
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $1.55 billion
Price / Sales: 0.46
Cash Flow: $4.37 per share
Price / Cash Flow: 8.26
Book Value: $11.19 per share
Price / Book: 3.23

Miscellaneous

Outstanding Shares: 19,650,000
Free Float: 19,379,000
Market Cap: $709.37 million
Optionable: Optionable
Beta: 1.34

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Key Executives

Mr. G. Marc Baumann (Age 67)
Chairman, CEO & Pres
Comp: $1.83M

Mr. Kristopher H. Roy (Age 48)
CFO & Treasurer
Comp: $831.82k

Mr. Robert A. Miles (Age 61)
Pres of Bags
Comp: $606.38k

Mr. Gary T. Roberts (Age 46)
Sr. VP, Corp. Controller, Assistant Treasurer & Principal Accounting Officer

Ms. Wenyu T. Blanchard (Age 49)
Chief Legal Officer & Corp. Sec.

Ms. Connie H. Jin
Sr. VP of Corp. Devel.

Ms. Colleen Kozak
Chief HR Officer

Mr. Jeff Eckerling
Chief Growth Officer

Ms. Ritu Vig (Age 45)
Pres of the Aviation Division

Mr. Christopher R. Sherman (Age 47)
Pres of Commercial Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SP Stock - Frequently Asked Questions

Should I buy or sell SP Plus stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research 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 2023?: 1 analysts have issued 12 month target prices for SP Plus' shares. Their SP share price forecasts 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 44.0% 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 at the start of the year. Since then, SP stock has increased by 4.0% and is now trading at $36.10.
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, November 1st 2023.
View our SP earnings forecast.
How were SP Plus' earnings last quarter?: SP Plus Co. (NASDAQ:SP) issued its quarterly earnings results on Wednesday, August, 2nd. The business services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.64 by $0.14. The business services provider earned $221.30 million during the quarter, compared to the consensus estimate of $220.41 million. SP Plus had a net margin of 2.35% and a trailing twelve-month return on equity of 23.68%.
What guidance has SP Plus issued on next quarter's earnings?: SP Plus issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.70-$3.20 for the period, compared to the consensus EPS estimate of $3.87. 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?: 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).
What is SP Plus' stock symbol?: SP Plus trades on the NASDAQ under the ticker symbol "SP."
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 $36.10.
How much money does SP Plus make?: SP Plus (NASDAQ:SP) has a market capitalization of $709.37 million and generates $1.55 billion in revenue each year. The business services provider earns $45.20 million in net income (profit) each year or $1.96 on an earnings per share basis.
How many employees does SP Plus have?: The company employs 19,000 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 10/2/2023 by MarketBeat.com Staff

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