Why SP Plus Corp (NASDAQ:SP) is a good choice for your portfolio

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Shares of SP Plus stock opened at $22.51 on Friday. April 10. The company has a market capitalization of $463.85 million, a price-to-earnings ratio of 10.23 and a beta of 1.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.77. SP Plus has a 12-month low of $14.44 and a 12-month high of $47.33. The firm’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $38.59.

Here is what top analysts are saying about SP Plus Corp (NASDAQ:SP)

Research analysts at William Blair lifted their Q1 2020 earnings per share (EPS) estimates for SP Plus in a research report issued on Tuesday, April 7th. William Blair analyst T. Mulrooney now forecasts that the business services provider will earn $0.57 per share for the quarter, up from their previous forecast of $0.31.

Finally, Zacks Investment Research downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, April 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.67.