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 year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1 year price targets for SP Plus' shares. Their SP share price targets range from $52.00 to $52.00. On average, they anticipate the company's share price to reach $52.00 in the next twelve months. This suggests a possible upside of 2.6% 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 2024?

SP Plus' stock was trading at $51.25 at the start of the year. Since then, SP shares have decreased by 1.1% and is now trading at $50.68. View the best growth stocks for 2024 here .

When is SP Plus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SP earnings forecast .

How were SP Plus' earnings last quarter?

SP Plus Co. (NASDAQ:SP) issued its quarterly earnings results on Tuesday, February, 27th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.25. The business services provider had revenue of $217.20 million for the quarter, compared to analyst estimates of $235.44 million. SP Plus had a trailing twelve-month return on equity of 22.49% and a net margin of 1.74%.

What ETFs hold SP Plus' stock?

ETFs with the largest weight of SP Plus (NASDAQ:SP) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB) and AltShares Merger Arbitrage ETF (ARB) . IQ Merger Arbitrage ETF (MNA) .

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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SP

SP Plus (SP) Stock Price, News & Analysis

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Free SP Stock Alerts

$50.68

-0.53 (-1.03%)

(As of 04/19/2024 ET)

Compare

Today's Range: $50.57
▼
$51.85
50-Day Range: $50.68
▼
$52.30
52-Week Range: $32.78
▼
$52.56

Volume: 385,327 shs
Average Volume: 132,429 shs
Market Capitalization: $1.00 billion

P/E Ratio: 32.49
Dividend Yield: N/A
Price Target: $52.00

Get SP Plus alerts:

SP Plus MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.6% Upside
$52.00 Price Target
Short Interest: Bearish
6.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.91%
From $3.42 to $3.93 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.36 out of 5 stars

Consumer Discretionary Sector

260th out of 267 stocks

Automotive Rental & Leasing, Without Drivers Industry

5th 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.
Amount of Analyst Coverage
SP Plus has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.78% 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 6.7.
Change versus previous month
Short interest in SP Plus has recently increased by 14.04%, 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.

1.8

News and Social Media Coverage

News Sentiment
SP Plus has a news sentiment score of 0.26. 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 0.50 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for SP Plus this week, compared to 4 articles on an average week.

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
93.98% 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 14.91% in the coming year, from $3.42 to $3.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SP Plus is 32.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of SP Plus is 32.49, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.62.
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.

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About SP Plus Stock (NASDAQ:SP)

SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. 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; patient transport services for healthcare clients; transportation, logistics, and implementation; valet services, such as vehicle staging and tracking systems, and doorman/bellman services; security services comprising training and hiring of security officers and patrol, as well as customized services and technology; wheelchair assist services; and an online and mobile app consumer platform through parking.com website; and revenue management services. In addition, it provides multi-platform marketing services, including SP+, AeroParker, and KMP Digitata brand 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. 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

April 20, 2024 | americanbankingnews.com

SP Plus (NASDAQ:SP) versus Zoomcar (NASDAQ:ZCAR) Financial Survey

April 19, 2024 | msn.com

Harrisburg missing millions in parking revenue and struggling with malfunctioning meters

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April 19, 2024 | americanbankingnews.com

Financial Contrast: Zoomcar (NASDAQ:ZCAR) vs. SP Plus (NASDAQ:SP)

April 17, 2024 | msn.com

Fantasy baseball's waiver wire: Looking beyond the recently promoted

April 17, 2024 | msn.com

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April 17, 2024 | 9to5mac.com

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April 16, 2024 | markets.businessinsider.com

SP Plus Corporation Launches its Bags® Branded Technology at the New Brightline Orlando Station

April 16, 2024 | globenewswire.com

SP Plus Corporation Launches its Bags® Branded Technology at the New Brightline Orlando Station

April 14, 2024 | americanbankingnews.com

SP Plus (NASDAQ:SP) Receives New Coverage from Analysts at StockNews.com

April 13, 2024 | msn.com

Harrisburg expected to get $3.5M from the parking system this year. It got zero

April 11, 2024 | msn.com

Minimal meter money: City of Harrisburg receiving no direct revenue from street parking

April 7, 2024 | sports.yahoo.com

Fantasy Baseball Waiver Wire Watch: Royals closer drama, Jose Caballero's speed, and more

April 7, 2024 | msn.com

iPhones can have emulators now so here are some great iOS controllers

April 4, 2024 | msn.com

Fantasy Baseball Waiver Wire: Why Maikel Garcia deserves to be universally rostered, and more

April 4, 2024 | msn.com

Who to add and, more importantly, who to drop

April 4, 2024 | msn.com

Marlins trade candidates: Luis Arraez, Jesús Luzardo, more players to monitor following historically bad start

April 4, 2024 | msn.com

Cheaper parking, lot reservations coming to San Antonio airport

April 4, 2024 | msn.com

BJP’s big guns to MP: Smriti Irani holds roadshow in Khajuraho in support of candidates

April 3, 2024 | msn.com

Police, border services seize 598 stolen vehicles at Montreal port, most from Ontario

April 3, 2024 | msn.com

Lok Sabha Elections 2024: Small Parties Shake Up UP Poll Dynamics; Challenge Opposition Unity

April 3, 2024 | msn.com

Texas Rangers at Tampa Bay Rays odds, picks and predictions

April 3, 2024 | globenewswire.com

SP Plus Corporation Now Managing Parking and Shuttle Operations at Des Moines International Airport

April 2, 2024 | msn.com

Fantasy Baseball Waiver Wire: Matt Chapman playing his way into must-start territory, and more

April 2, 2024 | finance.yahoo.com

Management’s or Related parties’ trading with SP Group A/S shares

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Automotive rental & leasing, without drivers
Sub-Industry: Environmental & Facilities Services
Current Symbol: NASDAQ:SP
CUSIP: 85379010
CIK: 1059262
Web: www.spplus.com
Phone: (312) 274-2000
Fax: 312-640-6169
Employees: 19,900
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: +2.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.56
Trailing P/E Ratio: 32.49
Forward P/E Ratio: 14.82
P/E Growth: N/A
Net Income: $31.10 million
Net Margins: 1.74%
Pretax Margin: 2.73%
Return on Equity: 22.49%
Return on Assets: 4.75%

Debt

Debt-to-Equity Ratio: 1.34
Current Ratio: 0.71
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $1.78 billion
Price / Sales: 0.56
Cash Flow: $4.54 per share
Price / Cash Flow: 11.16
Book Value: $12.76 per share
Price / Book: 3.97

Miscellaneous

Outstanding Shares: 19,799,000
Free Float: 19,526,000
Market Cap: $1.00 billion
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Kristopher H. Roy (Age 49)
CFO & Treasurer
Comp: $984.8k
Ms. Ritu Vig (Age 45)
President of the Aviation Division
Comp: $840.92k
Mr. Christopher R. Sherman (Age 47)
President of Commercial Division
Comp: $916.75k
Mr. G. Marc Baumann (Age 68)
Chairman, CEO & President
Comp: $1.83M
Mr. Gary T. Roberts (Age 47)
Senior VP, Corporate Controller, Assistant Treasurer & Principal Accounting Officer
Ms. Wenyu T. Blanchard (Age 50)
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
Mr. Dave Lombardi
Chief Business Development Officer of Commercial Division

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SP Stock Analysis - 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 year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1 year price targets for SP Plus' shares. Their SP share price targets range from $52.00 to $52.00. On average, they anticipate the company's share price to reach $52.00 in the next twelve months. This suggests a possible upside of 2.6% 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 2024?: SP Plus' stock was trading at $51.25 at the start of the year. Since then, SP shares have decreased by 1.1% and is now trading at $50.68.
View the best growth stocks for 2024 here.
When is SP Plus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SP earnings forecast.
How were SP Plus' earnings last quarter?: SP Plus Co. (NASDAQ:SP) issued its quarterly earnings results on Tuesday, February, 27th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.25. The business services provider had revenue of $217.20 million for the quarter, compared to analyst estimates of $235.44 million. SP Plus had a trailing twelve-month return on equity of 22.49% and a net margin of 1.74%.

What ETFs hold SP Plus' stock?: ETFs with the largest weight of SP Plus (NASDAQ:SP) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB) and AltShares Merger Arbitrage ETF (ARB).IQ Merger Arbitrage ETF (MNA).
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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SP) was last updated on 4/20/2024 by MarketBeat.com Staff

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SP Plus (SP) Stock Price, News & Analysis

SP Plus MarketRank™ Stock Analysis

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

Company Ownership

Earnings and Valuation

About SP Plus Stock (NASDAQ:SP)

SP Stock Price History

SP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

SP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™