Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SP Plus (NASDAQ:SP) Share Price

News articles about SP Plus (NASDAQ:SP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SP Plus earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.2845447009464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

How to Become a New Pot Stock Millionaire

A number of equities research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $42.00 price target (up previously from $39.00) on shares of SP Plus in a research note on Monday, March 5th. BidaskClub upgraded SP Plus from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded SP Plus from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Saturday, February 24th.

NASDAQ SP traded up $0.20 during trading on Wednesday, hitting $36.00. The stock had a trading volume of 50,143 shares, compared to its average volume of 115,529. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $788.99, a P/E ratio of 21.18, a PEG ratio of 1.58 and a beta of 1.11. SP Plus has a one year low of $28.10 and a one year high of $41.70.

SP Plus (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $392.40 million during the quarter, compared to the consensus estimate of $223.40 million. SP Plus had a net margin of 2.55% and a return on equity of 12.87%. equities research analysts expect that SP Plus will post 2.21 EPS for the current year.

In related news, insider Thomas L. Hagerman sold 833 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $36.20, for a total value of $30,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Marc Baumann sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. The disclosure for this sale can be found here. Insiders have sold 9,333 shares of company stock valued at $354,280 in the last ninety days. Insiders own 1.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SP Plus (NASDAQ:SP) Share Price” was posted by BBNS and is owned by of BBNS. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://baseballnewssource.com/2018/04/04/sp-plus-sp-receiving-somewhat-favorable-news-coverage-analysis-finds/2022682.html.

About SP Plus

SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.

Insider Buying and Selling by Quarter for SP Plus (NASDAQ:SP)

Receive News & Ratings for SP Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Andujar, Stanton and Torres Shine in Yankees Rout
Andujar, Stanton and Torres Shine in Yankees Rout
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry


Leave a Reply

 
© 2006-2018 BBNS.