NASDAQ:SP

SP Plus - SP Stock Forecast, Price & News

$33.01

+0.51 (+1.57%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $32.01
▼
$33.12
50-Day Range: $32.04
▼
$38.83
52-Week Range: $27.69
▼
$39.60

Volume: 79,669 shs
Average Volume: 114,300 shs
Market Capitalization: $643.03 million

P/E Ratio: 15.43
Dividend Yield: N/A
Price Target: $50.00

Institutional Ownership

SP Plus MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.5% Upside
$50.00 Price Target
Short Interest: Healthy
1.31% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.83
Based on 4 Articles This Week
Insider Trading: Selling Shares
$435,619 Sold Last Quarter
Proj. Earnings Growth: 18.71%
From $2.78 to $3.30 Per Share

Overall MarketRank^™

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

2.69 out of 5 stars

Consumer Discretionary Sector

49th out of 262 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 $50.00, SP Plus has a forecasted upside of 51.5% from its current price of $33.01.
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
1.31% 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 2.5, 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 16.60%, 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.

3.2

News and Social Media Coverage

News Sentiment
SP Plus has a news sentiment score of 0.83. 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 0.60 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for SP Plus this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for SP on MarketBeat in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SP Plus insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $435,619.00 in company stock.
Percentage Held by Insiders
Only 1.03% of the stock of SP Plus is held by insiders.
Percentage Held by Institutions
98.85% 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 18.71% in the coming year, from $2.78 to $3.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SP Plus is 15.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of SP Plus is 15.43, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.81.
Price to Book Value per Share Ratio
SP Plus has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SP Plus (NASDAQ:SP) Stock

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 firm operates through the following segments: Commercial, Aviation, and Other. The Commercial segment encompasses services in healthcare facilities, municipalities including meter revenue collection and enforcement services, government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services. The Aviation segment encompasses services in aviation, as well as ancillary services, which include shuttle and ground transportation services, valet services, baggage handling, baggage repair and replacement, remote air check-in services, wheelchair assist services and other services. The company was founded in 1929 and is headquartered in Chicago, IL.

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SP Stock News Headlines

March 25, 2023 | americanbankingnews.com

SP Plus (NASDAQ:SP) Upgraded at StockNews.com

March 19, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on SP Plus (NASDAQ:SP)

March 25, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 9, 2023 | msn.com

Whistleblower Investigation: Airport snow removal leaves travelers frustrated

March 7, 2023 | finance.yahoo.com

Those who invested in SP Plus (NASDAQ:SP) a year ago are up 17%

March 6, 2023 | markets.businessinsider.com

Phillip Securities Reaffirms Their Buy Rating on SP Plus (SP)

March 2, 2023 | msn.com

Insiders Selling Airbnb, SP Plus And 2 Other Stocks

February 28, 2023 | finance.yahoo.com

SP Plus Corporation Named one of America’s Best Small Companies – Forbes

March 25, 2023 | Stansberry Research (Ad)

The gold catalyst we’ve waited for

If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.

February 23, 2023 | benzinga.com

SP Plus shares are trading lower after the company reported worse-than-expected Q4 EPS.

February 22, 2023 | msn.com

SP Plus GAAP EPS of $0.24 misses by $0.49, revenue of $418.3M beats by $219.56M

February 22, 2023 | finance.yahoo.com

SP Plus Corporation Announces Fourth Quarter and Full-Year 2022 Results

February 22, 2023 | finance.yahoo.com

SP Plus (SP) Lags Q4 Earnings Estimates

February 21, 2023 | finance.yahoo.com

SP Plus Corporation Successfully Re-Accredited as an Accredited Parking Organization (APO) with Distinction

February 21, 2023 | finance.yahoo.com

SP Plus Corporation Successfully Re-Accredited as an Accredited Parking Organization (APO) with Distinction

February 16, 2023 | msn.com

SP Plus announces new $60M in share repurchase authorization

February 10, 2023 | forbes.com

10 Best Energy Stocks In The S&P 500

February 8, 2023 | msn.com

SP Plus hosts community forum to discuss downtown parking in Gainesville

February 3, 2023 | msn.com

It’s to the rafters for Tyler Herro’s No. 14 (Whitnall High, not Heat); plus, the return of Haslem

February 1, 2023 | finance.yahoo.com

SP Plus Corporation to Release Fourth Quarter and Full-Year 2022 Results on February 22, 2023

January 21, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying SP Plus Corporation (NASDAQ:SP)?

January 20, 2023 | reuters.com

SP.OQ - | Stock Price & Latest News | Reuters

January 10, 2023 | msn.com

Taylor Heinicke’s days with the Washington Commanders could be over. But the former ODU star ‘made some really great memories.’

January 9, 2023 | msn.com

Grading the Dolphins’ 11-6 win over Jets; plus stock up, stock down

January 4, 2023 | msn.com

Dolphins react to Bills safety Damar Hamlin’s hospitalization; Miami injury updates ahead of Jets game

January 4, 2023 | seekingalpha.com

Reliance Steel & Aluminum: Steel Stocks Are Outperforming The S&P 500

January 3, 2023 | bizjournals.com

Chicagoans 'love to drive': Why US Investments is geared toward parking garages

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SP Company Calendar

Last Earnings: 10/26/2021
Today: 3/25/2023
Next Earnings (Estimated): 5/03/2023
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: $50.00
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +51.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.14
Trailing P/E Ratio: 15.43
Forward P/E Ratio: 11.87
P/E Growth: N/A
Net Income: $45.20 million
Net Margins: 2.91%
Pretax Margin: 4.22%
Return on Equity: 24.58%
Return on Assets: 5.33%

Debt

Debt-to-Equity Ratio: 1.47
Current Ratio: 0.64
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $1.55 billion
Price / Sales: 0.41
Cash Flow: $4.41 per share
Price / Cash Flow: 7.49
Book Value: $11.19 per share
Price / Book: 2.95

Miscellaneous

Outstanding Shares: 19,480,000
Free Float: 19,281,000
Market Cap: $643.03 million
Optionable: Optionable
Beta: 1.36

Key Executives

G. Marc Baumann
Executive Chairman, President & CEO

Kristopher H. Roy
Chief Financial Officer

Gary T. Roberts
SVP, Controller & Assistant Treasurer

Jeff Eckerling
Chief Growth Officer

Ritu Vig
President-Aviation 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 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 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 price objectives for SP Plus' shares. Their SP share price forecasts range from $50.00 to $50.00. On average, they anticipate the company's share price to reach $50.00 in the next year. This suggests a possible upside of 51.5% 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 beginning of the year. Since then, SP stock has decreased by 4.9% and is now trading at $33.01.
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, May 3rd 2023.
View our SP earnings forecast.
How were SP Plus' earnings last quarter?: SP Plus Co. (NASDAQ:SP) issued its quarterly earnings data on Tuesday, October, 26th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.15. The business services provider earned $161.60 million during the quarter, compared to the consensus estimate of $152.30 million. SP Plus had a net margin of 2.91% and a trailing twelve-month return on equity of 24.58%. During the same period in the prior year, the company earned $0.62 earnings per share.
What ETFs hold SP Plus' stock?: ETFs with the largest weight of SP Plus (NASDAQ:SP) stock in their portfolio include Changebridge Long/Short Equity ETF (CBLS), Changebridge Select Equity ETF (CBSE), IQ Chaikin U.S. Small Cap ETF (CSML), iShares Micro-Cap ETF (IWC).Humankind US Stock ETF (HKND) and
What guidance has SP Plus issued on next quarter's earnings?: SP Plus updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $2.70-$3.20 for the period, compared to the consensus EPS estimate of $3.10. 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."
Who are SP Plus' major shareholders?: SP Plus' stock is owned by a variety of institutional and retail investors. Top institutional investors include River Road Asset Management LLC (8.49%), Aristotle Capital Boston LLC (4.19%), Dimensional Fund Advisors LP (4.15%), William Blair Investment Management LLC (4.11%), Bernzott Capital Advisors (3.33%) and ArrowMark Colorado Holdings LLC (2.41%). 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.
What is SP Plus' stock price today?: One share of SP stock can currently be purchased for approximately $33.01.
How much money does SP Plus make?: SP Plus (NASDAQ:SP) has a market capitalization of $643.03 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 $2.14 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 3/25/2023 by MarketBeat.com Staff

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SP Plus - SP Stock Forecast, Price & News

SP Plus MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About SP Plus (NASDAQ:SP) Stock

SP Stock News Headlines

SP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SP Stock - Frequently Asked Questions

Overall MarketRank^™