Analyst Ratings for SP Plus Corp. (SP)Updated: 2017-07-28
An average rating of Buy has been given to SP Plus Corp. (NASDAQ:SP) by analysts covering the stock. A consensus rating of Buy was previously issued for SP last month.
Of the 4 analysts covering the stock, 4 gave it a buy rating, 0 issued an overweight rating, 0 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for SP. The most optimistic analyst gave a price target of 47, which equates to a potential upside of 43.95 percent. The lowest price target was 36, implying potential capital losses of 10.26 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -4.55 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.95 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of SP's earnings is estimated by analysts to be 22.3 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. SP has a PEG ratio of 1.13.
SP has traded between a high of 38.55 and a low of 22.60 over the past year. The current market price is above the trailing year's low by 44.47 percent, and 15.3 percent below the high. SP has a price/earnings ratio of 25.12. Investors typically compare the P/E ratio to a company's peers in the industry. The SP value stock report compares SP to some of its peers using value stock charts. The stock has a market capitalization of $0.72813 billion. SP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.