SP Plus (NASDAQ:SP) Upgraded by BidaskClub to Hold

SP Plus (NASDAQ:SP) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, BidAskClub reports.

Several other research firms have also issued reports on SP. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barrington Research set a $118.00 price objective on SYNNEX and gave the stock a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.67.

Shares of NASDAQ SP opened at $33.83 on Friday. The company has a fifty day moving average price of $32.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $773.15 million, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.06. SP Plus has a one year low of $27.13 and a one year high of $41.35.



SP Plus (NASDAQ:SP) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. SP Plus had a return on equity of 15.92% and a net margin of 3.21%. The firm had revenue of $409.40 million during the quarter, compared to analyst estimates of $234.85 million. On average, equities analysts anticipate that SP Plus will post 2.61 EPS for the current year.

In other SP Plus news, EVP Gerard M. Klaisle sold 1,060 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $35.00, for a total transaction of $37,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in SP. OLD Second National Bank of Aurora bought a new stake in shares of SP Plus during the first quarter worth $26,000. Investors Research Corp bought a new stake in shares of SP Plus during the first quarter worth $27,000. Public Employees Retirement System of Ohio grew its holdings in shares of SP Plus by 57.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,279 shares of the business services provider’s stock worth $38,000 after purchasing an additional 467 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of SP Plus by 18.2% during the fourth quarter. Legal & General Group Plc now owns 4,234 shares of the business services provider’s stock worth $125,000 after purchasing an additional 653 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of SP Plus by 561.8% during the first quarter. BNP Paribas Arbitrage SA now owns 4,712 shares of the business services provider’s stock worth $161,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

SP Plus Company Profile

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 company was founded in 1929 and is headquartered in Chicago, IL.

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