Somewhat Positive Media Coverage Somewhat Unlikely to Affect SP Plus (SP) Stock Price
Media headlines about SP Plus (NASDAQ:SP) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SP Plus earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 47.6211987675326 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Red Sox SP lands back on the DL with left shoulder infammation (msn.com)
- Waiver Wire Week 19: 10 SP Targets (fangraphs.com)
- Why Did SP Plus Corporation’s (NASDAQ:SP) Insiders Sell Their Own Shares? (finance.yahoo.com)
- Analysts Expect SP Plus Corp (SP) to Post $0.61 EPS (americanbankingnews.com)
- SP arranges financial support to Dalit boy (thehindu.com)
Shares of SP traded up $0.10 during midday trading on Monday, hitting $40.70. 564 shares of the company traded hands, compared to its average volume of 97,948. SP Plus has a one year low of $32.15 and a one year high of $41.70. The stock has a market cap of $895.54 million, a PE ratio of 23.94, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.30.
Several equities research analysts have recently weighed in on SP shares. BidaskClub cut SP Plus from a “hold” rating to a “sell” rating in a research report on Thursday, May 24th. Zacks Investment Research cut SP Plus from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Barrington Research reiterated a “buy” rating and set a $42.00 price target on shares of SP Plus in a research report on Wednesday, May 9th. Finally, ValuEngine upgraded SP Plus from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th.
In related news, insider Thomas L. Hagerman sold 3,918 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $39.25, for a total value of $153,781.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO G Marc Baumann sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $36.95, for a total transaction of $36,950.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
About SP Plus
SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events.
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