NASDAQ:SP

SP Plus - SP Stock Forecast, Price & News

$32.78

-0.83 (-2.47%)

(As of 10/7/2022 05:12 PM ET)

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Today's Range: $32.19
▼
$33.60
50-Day Range: $30.32
▼
$36.14
52-Week Range: $25.29
▼
$37.17

Volume: 117,769 shs
Average Volume: 80,179 shs
Market Capitalization: $762.99 million

P/E Ratio: 15.11
Dividend Yield: N/A
Price Target: $48.00

SP Plus MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 46.4% Upside
$48.00 Price Target
Short Interest: Healthy
1.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.19
Based on 2 Articles This Week
Insider Trading: Selling Shares
$281,320 Sold Last Quarter
Proj. Earnings Growth: 10.42%
From $2.88 to $3.18 Per Share

Overall MarketRank^™

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

2.37 out of 5 stars

Consumer Discretionary Sector

125th out of 274 stocks

Automotive Rental & Leasing, Without Drivers Industry

2nd 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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.00, SP Plus has a forecasted upside of 46.4% from its current price of $32.78.
Amount of Analyst Coverage
SP Plus has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.48% 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 3.8, 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 10.35%, 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.

1.6

News and Social Media Coverage

News Sentiment
SP Plus has a news sentiment score of -0.19. 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 lower news sentiment than the 0.44 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 2 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 -86% compared to the previous 30 days.
MarketBeat Follows
1 people have added SP Plus to their MarketBeat watchlist 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 $281,320.00 in company stock.
Percentage Held by Insiders
Only 1.03% of the stock of SP Plus is held by insiders.
Percentage Held by Institutions
88.20% of the stock of SP Plus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for SP Plus are expected to grow by 10.42% in the coming year, from $2.88 to $3.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SP Plus is 15.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of SP Plus is 15.11, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.19.
Price to Book Value per Share Ratio
SP Plus has a P/B Ratio of 3.43. 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+ 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.

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SP Stock News Headlines

October 5, 2022 | americanbankingnews.com

Analyzing SP Plus (NASDAQ:SP) & InterPrivate II Acquisition (NYSE:IPVA)

October 4, 2022 | nasdaq.com

We Think SP Plus (NASDAQ:SP) Can Stay On Top Of Its Debt

September 29, 2022 | finance.yahoo.com

SP+ CEO Marc Baumann Elected as National Parking Association Chair

September 29, 2022 | msn.com

The outlook for Magic guard Markelle Fultz’s toe, plus other injury updates

September 28, 2022 | finance.yahoo.com

Investors in SP Plus (NASDAQ:SP) have unfortunately lost 23% over the last five years

September 28, 2022 | msn.com

Endorsement: No on Proposition SP. Los Angeles can design a better tax for parks

September 27, 2022 | finance.yahoo.com

Find Strong Stocks to Buy as Market Drops with this ROE Screen

September 25, 2022 | msn.com

Where Florida stands in ESPN's SP+ rankings after Week 4

September 22, 2022 | finance.yahoo.com

Ritu Vig Receives Women In Parking Impact Award for Dedicated Commitment to Inclusion and Diversity

September 22, 2022 | finance.yahoo.com

Ritu Vig Receives Women In Parking Impact Award for Dedicated Commitment to Inclusion and Diversity

September 21, 2022 | finance.yahoo.com

4 Stocks With Rising Cash Flows to Survive Market Volatility

August 26, 2022 | finance.yahoo.com

SP Plus (SP) Shows Fast-paced Momentum But Is Still a Bargain Stock

August 25, 2022 | finance.yahoo.com

Splunk (SPLK) Outpaces Q2 Earnings and Revenue Estimates

August 23, 2022 | finance.yahoo.com

Zacks.com featured highlights include AMN Healthcare, Encore Wire, Veritiv and SP Plus

August 20, 2022 | nasdaq.com

SP Plus' (NASDAQ:SP) investors will be pleased with their 16% return over the last year

August 18, 2022 | finance.yahoo.com

Zacks.com featured highlights Target Hospitality, SP Plus, Universal Logistics Holdings and Franklin Covey

August 11, 2022 | finance.yahoo.com

Here's What Could Help SP Plus (SP) Maintain Its Recent Price Strength

August 11, 2022 | msn.com

Dolphins camp (Day 11): Noah Igbinoghene struggles vs. Tom Brady, Bucs; plus stock up, stock down

August 11, 2022 | msn.com

2023 Ducati Monster SP incoming!

August 10, 2022 | msn.com

Ducati Preps Monster SP And New Scrambler For 2023 World Première

August 10, 2022 | finance.yahoo.com

SP Plus (SP) Is Attractively Priced Despite Fast-paced Momentum

August 8, 2022 | finance.yahoo.com

Will SP Plus (SP) Gain on Rising Earnings Estimates?

August 7, 2022 | seekingalpha.com

SP Plus Corporation (SP) CEO Marc Baumann on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

SP Plus Corporation Announces Second Quarter 2022 Results

August 3, 2022 | finance.yahoo.com

Curator Hotel & Resort Collection Joins With Preferred Parking Partners to Elevate Its Door-to-Door Experiences Across the U.S.

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SP Company Calendar

Last Earnings: 8/03/2022
Today: 10/07/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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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: 16,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $48.00
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +46.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 15.11
Forward P/E Ratio: 11.38
P/E Growth: N/A
Net Income: $31.70 million
Net Margins: 3.36%
Pretax Margin: 4.68%
Return on Equity: 23.97%
Return on Assets: 4.99%

Debt

Debt-to-Equity Ratio: 1.20
Current Ratio: 0.67
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $1.18 billion
Price / Sales: 0.65
Cash Flow: $2.79 per share
Price / Cash Flow: 11.76
Book Value: $9.56 per share
Price / Book: 3.43

Miscellaneous

Outstanding Shares: 23,276,000
Free Float: 23,036,000
Market Cap: $762.99 million
Optionable: Optionable
Beta: 1.36

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

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?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last twelve months. 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 Wall Street research analysts have issued 12 month target prices for SP Plus' shares. Their SP share price forecasts range from $48.00 to $48.00. On average, they predict the company's share price to reach $48.00 in the next year. This suggests a possible upside of 46.4% 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 on January 1st, 2022. Since then, SP stock has increased by 16.2% and is now trading at $32.78.
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) announced its quarterly earnings results on Wednesday, August, 3rd. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.11. The business services provider had revenue of $196.50 million for the quarter, compared to analysts' expectations of $186.55 million. SP Plus had a net margin of 3.36% and a trailing twelve-month return on equity of 23.97%.
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 earnings per share guidance of $2.86-$3.10 for the period, compared to the consensus earnings per share 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?: 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 many different retail and institutional investors. Top institutional investors include Moody National Bank Trust Division (0.08%). Insiders that own company stock include G Marc Baumann, Gerard M Klaisle, 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 $32.78.
How much money does SP Plus make?: SP Plus (NASDAQ:SP) has a market capitalization of $762.99 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 10/7/2022 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

MarketBeat Follows