SP Plus Corporation – Consensus Indicates Potential 68.5% Upside

Broker Ratings

SP Plus Corporation which can be found using ticker (SP) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘None’. The range between the high target price and low target price is between 62 and 50 with the average target price sitting at $54.00. Given that the stocks previous close was at $32.04 this indicates there is a potential upside of 68.5%. The 50 day MA is $36.04 and the 200 moving average now moves to $33.96. The company has a market cap of $634m. You can visit the company’s website by visiting: https://www.spplus.com

The potential market cap would be $1,068m based on the market consensus.

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SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services. The company also offers facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; security services comprising training and hiring of security officers and patrol, as well as customized services and technology; and an online and mobile app consumer platform through parking.com website. In addition, it provides multi-platform marketing services, including SP+, AeroParker, and KMP Digitata branded websites that offer clients a platform for marketing their facilities, mobile applications, search marketing, email marketing, and social media campaigns. The company offers its services primarily under the SP+, Sphere, Bags, AeroParker, MetroParker, and KMP Digitata brands. It serves private and public owners, municipalities, managers and developers of office buildings, residential and commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels and resorts, healthcare facilities and medical centers, airlines, and cruise lines. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is headquartered in Chicago, Illinois.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 16.6, revenue per share of 38.18 and a 4.7% return on assets.

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