SP Plus (NASDAQ:SP) Upgraded by Zacks Investment Research to Buy

SP Plus stock has undergone multiple analysts rating changes in the recent past.  SP Plus Upgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of SP Plus traded up $0.04 on Friday, reaching $32.25. 43416 shares of the stock traded hands, compared to its average volume of 72192. Shares of SP Plus were trading at $32.25 on Friday. The firm’s 50 day moving average is $31.19 and its 200 day moving average is $31.99.SP Plus has a 12 month low of $31.92 and a 12 month high of $36.71. While on yearly highs and lows, SP Plus’s today has traded high as $32.61 and has touched $31.92 on the downward trend. See More Analyst Rating at: RATING

SP Plus Earnings and What to expect: 

SP Plus last announced its quarterly earnings results on October 26th, 2021. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. SP Plus has generated $0.44 earnings per share over the last year (($3.64) diluted earnings per share). Earnings for SP Plus are expected to grow by 40.94% in the coming year, from $1.71 to $2.41 per share. SP Plus has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, February 16th, 2022 based off prior year’s report dates.

Earnings for SP Plus are expected to grow by 40.94% in the coming year, from $1.71 to $2.41 per share. The P/E ratio of SP Plus is -8.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of SP Plus is -8.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. SP Plus has a P/B Ratio of 4.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

SP Plus (NASDAQ:SP) Moving Average Technical Analysis

5 day Moving Average is $31.73 And 5 day price change is $1.21 (3.90%)  with average volume for 5 day average is 74,160. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $30.79 and 20 day price change is $0.67 (2.12%) and average 20 day moving volume is 64,505. 50 day moving average is $31.19  and 50 day price change is $2.86 ( 9.73%)  and with average volume for 50 days is : 69,510. 200 day moving average is $31.99  and 200 day price change is $1.72 (5.63%)  and with average volume for 200 days is : 100,093.

Other owners latest trading in SP Plus :

  • On 10/28/2021 shares held by M&T Bank Corp were 15,449 which equates to market value of $0.47M and appx 0.00% owners of SP Plus
  • On 10/25/2021 shares held by Cornerstone Investment Partners LLC were 7,752 which equates to market value of $0.24M and appx 0.00% owners of SP Plus
  • On 10/20/2021 shares held by North Star Investment Management Corp. were 193,680 which equates to market value of $5.94M and appx 0.50% owners of SP Plus
  • In total Institutional ownership equates to Institutional Ownership Percentage: 88.15% for SP Plus

See More Analyst Rating at: RATING