SP Plus (NASDAQ:SP) Getting Somewhat Positive Media Coverage, Study Shows

News headlines about SP Plus (NASDAQ:SP) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SP Plus earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.2643095333614 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Saturday, November 4th. BidaskClub cut shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, ValuEngine cut shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Shares of SP Plus (SP) opened at $39.05 on Monday. SP Plus has a 52 week low of $27.05 and a 52 week high of $41.25. The firm has a market cap of $879.45, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82.

SP Plus (NASDAQ:SP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. SP Plus had a net margin of 2.64% and a return on equity of 14.29%. The company had revenue of $392.70 million for the quarter, compared to analyst estimates of $228.10 million. sell-side analysts predict that SP Plus will post 1.7 EPS for the current fiscal year.

In other news, major shareholder Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction that occurred on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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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)

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