SP Plus Stock Target Price and Analyst Consensus

SP Stock  USD 51.97  0.01  0.02%   
The current analyst and expert consensus on SP Plus is Hold, with 0 strong buy opinions. The current projected SP Plus target price consensus is 59.0 with 2 analyst opinions. The most common way SP Plus Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview SP Plus executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on SP Plus. We encourage you to use your own analysis of SP Plus Corp to validate this buy or sell advice. SP Plus buy-or-sell recommendation module provides average expert sentiment on the projected SP Plus Corp target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on SP Plus to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
53.69
Highest Forecast
65.49
Target Price
59
At this time, SP Plus' Pretax Profit Margin is relatively stable compared to the past year. As of 03/28/2024, Operating Profit Margin is likely to grow to 0.06, while Gross Profit is likely to drop slightly above 127.6 M. At this time, SP Plus' Other Stockholder Equity is relatively stable compared to the past year. As of 03/28/2024, Property Plant And Equipment Gross is likely to grow to about 399.3 M, while Other Current Liabilities is likely to drop slightly above 57.3 M.
  
It's important to approach SP Plus' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

SP Plus Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. SP Plus target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. SP Plus' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   2  Hold
Most SP Plus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand SP Plus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of SP Plus Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

SP Plus Target Price Projection

SP Plus' current and average target prices are 51.97 and 59.00, respectively. The current price of SP Plus is the price at which SP Plus Corp is currently trading. On the other hand, SP Plus' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

SP Plus Market Quote on 28th of March 2024

Low Price51.87Odds
High Price51.97Odds

51.97

Target Price

Analyst Consensus On SP Plus Target Price

Low Estimate53.69Odds
High Estimate65.49Odds

59.0

Historical Lowest Forecast  53.69 Target Price  59.0 Highest Forecast  65.49
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on SP Plus Corp and the information provided on this page.

SP Plus Analyst Ratings

SP Plus' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about SP Plus stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of SP Plus' financials, market performance, and future outlook by experienced professionals. SP Plus' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize SP Plus price targets

SP Plus' stock target price is an estimate of its future price, usually made by analysts. Using SP Plus' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at SP Plus' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if SP Plus' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional SP Plus Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of SP Plus is a key component of SP Plus valuation and have some predictive power on the future returns of a SP Plus.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SP Plus' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
51.6351.9752.31
Details
Intrinsic
Valuation
LowRealHigh
46.7755.3855.72
Details
Naive
Forecast
LowNextHigh
51.4751.8052.14
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.670.670.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SP Plus. Your research has to be compared to or analyzed against SP Plus' peers to derive any actionable benefits. When done correctly, SP Plus' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SP Plus Corp.

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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 Macroaxis Advice on SP Plus to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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The data published in SP Plus' official financial statements usually reflect SP Plus' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of SP Plus Corp. For example, before you start analyzing numbers published by SP Plus accountants, it's critical to develop an understanding of what SP Plus' liquidity, profitability, and earnings quality are in the context of the Commercial Services & Supplies space in which it operates.
Please note, the presentation of SP Plus' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SP Plus' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in SP Plus' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SP Plus Corp. Please utilize our Beneish M Score to check the likelihood of SP Plus' management manipulating its earnings.