Sp Plus Corp Stock Today

SP Stock  USD 52.22  0.25  0.48%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 23

 
100  
 
Zero
Low
SP Plus is selling at 52.22 as of the 29th of March 2024; that is 0.48 percent increase since the beginning of the trading day. The stock's last reported lowest price was 51.75. SP Plus has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for SP Plus Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Commercial & Professional Services
IPO Date
27th of May 2004
Category
Industrials
SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. SP Plus Corporation was founded in 1929 and is headquartered in Chicago, Illinois. SP Plus operates under Specialty Business Services classification in the United States and is traded on NASDAQ Exchange. The company has 19.8 M outstanding shares of which 1.14 M shares are at this time sold short in the market by investors with about 7.57 days to cover all shorted shares. More on SP Plus Corp

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SP Plus Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SP Plus' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SP Plus or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorJames Wilhelm
Thematic IdeaPersonal Services (View all Themes)
Business ConcentrationEnvironmental & Facilities Services, Commercial & Professional Services, Industrials, NASDAQ Composite, NASDAQ Composite Total, Personal Services, Industrials, Commercial Services & Supplies, Specialty Business Services, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering SP Plus report their recommendations after researching SP Plus' financial statements, talking to executives and customers, or listening in on SP Plus' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering SP Plus Corp. The SP Plus consensus assessment is calculated by taking the average forecast from all of the analysts covering SP Plus.
Financial Strength
Based on the key indicators related to SP Plus' liquidity, profitability, solvency, and operating efficiency, SP Plus Corp is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of SP Plus Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.191.5473
Significantly Up
Pretty Stable
Gross Profit Margin0.140.1226
Fairly Up
Pretty Stable
Net Debt574.6 M547.2 M
Sufficiently Up
Slightly volatile
Total Current Liabilities182.7 M337.4 M
Way Down
Slightly volatile
Non Current Liabilities Total341.2 M563.8 M
Way Down
Slightly volatile
Total Assets635 M1.2 B
Way Down
Slightly volatile
Total Current Assets122.7 M212.2 M
Way Down
Slightly volatile
SP Plus' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SP Plus' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SP Plus' financial leverage. It provides some insight into what part of SP Plus' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on SP Plus' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how SP Plus deploys its capital and how much of that capital is borrowed.
Liquidity
SP Plus cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 566.3 M of total liabilities with total debt to equity ratio (D/E) of 2.21, which may imply that the company relies heavily on debt financing. SP Plus Corp has a current ratio of 0.6, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist SP Plus until it has trouble settling it off, either with new capital or with free cash flow. So, SP Plus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SP Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SP Plus to invest in growth at high rates of return. When we think about SP Plus' use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

2 Million
SP Plus Corp (SP) is traded on NASDAQ Exchange in USA. It is located in 200 East Randolph Street, Chicago, IL, United States, 60601-7702 and employs 13,100 people. SP Plus is listed under Environmental & Facilities Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 1.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SP Plus's market, we take the total number of its shares issued and multiply it by SP Plus's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SP Plus Corp is active under Commercial Services & Supplies sector as part of Industrials industry. The entity has 19.8 M outstanding shares of which 1.14 M shares are at this time sold short in the market by investors with about 7.57 days to cover all shorted shares. SP Plus Corp reports about 14.6 M in cash with 55.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63.
Check SP Plus Probability Of Bankruptcy
Ownership Allocation
SP Plus Corp secures a total of 19.8 Million outstanding shares. The majority of SP Plus Corp outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to take positions in SP Plus Corp to benefit from reduced commissions. Therefore, outside corporations are subject to a different set of regulations than regular investors in SP Plus Corp. Please pay attention to any change in the institutional holdings of SP Plus as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check SP Plus Ownership Details

SP Plus Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of SP Plus jumping above the current price in 90 days from now is near 1%. The SP Plus Corp probability density function shows the probability of SP Plus stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon SP Plus has a beta of 0.0889. This usually implies as returns on the market go up, SP Plus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SP Plus Corp will be expected to be much smaller as well. Additionally, sP Plus Corp has an alpha of 0.0114, implying that it can generate a 0.0114 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 52.22HorizonTargetOdds Above 52.22
99.25%90 days
 52.22 
0.65%
Based on a normal probability distribution, the odds of SP Plus to move above the current price in 90 days from now is near 1 (This SP Plus Corp probability density function shows the probability of SP Plus Stock to fall within a particular range of prices over 90 days) .

SP Plus Stock Institutional Holders

Institutional Holdings refers to the ownership stake in SP Plus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SP Plus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SP Plus' value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
433.3 K
Geode Capital Management, Llc2023-12-31
420.2 K
Alliancebernstein L.p.2023-12-31
403.4 K
Millennium Management Llc2023-12-31
374.8 K
Grantham, Mayo, Van Otterloo & Co., Llc2023-12-31
301.8 K
Tokio Marine Asset Management Co Ltd2023-12-31
300.3 K
Westchester Capital Management Llc2023-12-31
297.1 K
Qube Research & Technologies2023-12-31
295 K
Woodline Partners Lp2023-12-31
280.8 K
Blackrock Inc2023-12-31
1.5 M
River Road Asset Management, Llc2023-12-31
1.4 M
View SP Plus Diagnostics

SP Plus Historical Income Statement

SP Plus Corp Income Statement is one of the three primary financial statements used for reporting SP Plus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SP Plus Corp revenue and expense. SP Plus Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, SP Plus' Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 03/29/2024, Net Income From Continuing Ops is likely to grow to about 40 M, while Gross Profit is likely to drop slightly above 127.6 M. View More Fundamentals

SP Plus Stock Against Markets

Picking the right benchmark for SP Plus stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SP Plus stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SP Plus is critical whether you are bullish or bearish towards SP Plus Corp at a given time. Please also check how SP Plus' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SP Plus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SP Plus Corporate Directors

SP Plus corporate directors refer to members of a SP Plus board of directors. The board of directors generally takes responsibility for the SP Plus' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SP Plus' board members must vote for the resolution. The SP Plus board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Paul HalpernIndependent DirectorProfile
Seth HollanderDirectorProfile
Douglas WaggonerIndependent DirectorProfile
Karen GarrisonIndependent DirectorProfile

How to buy SP Plus Stock?

Before investing in SP Plus, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SP Plus. To buy SP Plus stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SP Plus. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase SP Plus stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SP Plus Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased SP Plus Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as SP Plus Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SP Plus Stock please use our How to Invest in SP Plus guide.

Already Invested in SP Plus Corp?

The danger of trading SP Plus Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SP Plus is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SP Plus. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SP Plus Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SP Plus Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SP Plus Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sp Plus Corp Stock. Highlighted below are key reports to facilitate an investment decision about Sp Plus Corp Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Plus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
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When running SP Plus' price analysis, check to measure SP Plus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SP Plus is operating at the current time. Most of SP Plus' value examination focuses on studying past and present price action to predict the probability of SP Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Plus' price. Additionally, you may evaluate how the addition of SP Plus to your portfolios can decrease your overall portfolio volatility.
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Is SP Plus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SP Plus. If investors know SP Plus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SP Plus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.74)
Earnings Share
1.57
Revenue Per Share
44.899
Quarterly Revenue Growth
0.052
Return On Assets
0.0505
The market value of SP Plus Corp is measured differently than its book value, which is the value of SP Plus that is recorded on the company's balance sheet. Investors also form their own opinion of SP Plus' value that differs from its market value or its book value, called intrinsic value, which is SP Plus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SP Plus' market value can be influenced by many factors that don't directly affect SP Plus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SP Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Plus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.