SP Plus (SP) Forms $36.55 Double Top; Teekay (TK) Had 2 Analysts Last Week

Teekay Corporation (NYSE:TK) Logo

SP Plus Corporation (SP) formed double top with $39.47 target or 8.00% above today’s $36.55 share price. SP Plus Corporation (SP) has $816.22 million valuation. The stock decreased 0.27% or $0.1 during the last trading session, reaching $36.55. About 37,822 shares traded. SP Plus Corporation (NASDAQ:SP) has risen 5.61% since April 24, 2017 and is uptrending. It has underperformed by 5.94% the S&P500.

Among 6 analysts covering Teekay Corporation (NYSE:TK), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Teekay Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, September 5, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Monday, June 26 by Jefferies. Jefferies maintained Teekay Corporation (NYSE:TK) on Wednesday, July 27 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, June 16. Morgan Stanley maintained the stock with “Underweight” rating in Monday, February 12 report. The firm has “Hold” rating given on Monday, December 18 by Jefferies. Morgan Stanley maintained Teekay Corporation (NYSE:TK) on Tuesday, May 31 with “Equal-Weight” rating. As per Friday, August 4, the company rating was maintained by Jefferies. See Teekay Corporation (NYSE:TK) latest ratings:

12/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $3 New Target: $6 Maintain
18/12/2017 Broker: Jefferies Rating: Hold New Target: $8.0 Initiate

Analysts await SP Plus Corporation (NASDAQ:SP) to report earnings on May, 1. They expect $0.38 EPS, up 35.71% or $0.10 from last year’s $0.28 per share. SP’s profit will be $8.49 million for 24.05 P/E if the $0.38 EPS becomes a reality. After $0.40 actual EPS reported by SP Plus Corporation for the previous quarter, Wall Street now forecasts -5.00% negative EPS growth.

Investors sentiment decreased to 1.34 in 2017 Q4. Its down 0.41, from 1.75 in 2017Q3. It worsened, as 14 investors sold SP Plus Corporation shares while 51 reduced holdings. 24 funds opened positions while 63 raised stakes. 21.39 million shares or 0.51% less from 21.50 million shares in 2017Q3 were reported. Voya Investment Limited Co holds 0% or 9,217 shares in its portfolio. Qs Invsts Lc, New York-based fund reported 175 shares. Northern holds 0% or 258,749 shares in its portfolio. Atlantic Trust Group Lc reported 0% in SP Plus Corporation (NASDAQ:SP). Dudley And Shanley Ltd Liability Corp invested in 1.67% or 200,150 shares. New York State Teachers Retirement Sys holds 1,600 shares. Arrowstreet Limited Partnership has 9,200 shares for 0% of their portfolio. Strs Ohio holds 0% in SP Plus Corporation (NASDAQ:SP) or 20,500 shares. Blackrock Inc holds 0% or 1.37 million shares in its portfolio. Bogle Inv Mngmt Limited Partnership De accumulated 29,404 shares. D E Shaw And Com Inc has invested 0.01% of its portfolio in SP Plus Corporation (NASDAQ:SP). Bowling Port Mngmt Ltd Limited Liability Company reported 47,033 shares. Point72 Asia (Hong Kong) reported 0.01% in SP Plus Corporation (NASDAQ:SP). Century holds 0% or 110,127 shares in its portfolio. Secor Capital L P owns 24,533 shares for 0.04% of their portfolio.

Among 3 analysts covering SP Plus (NASDAQ:SP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SP Plus has $93 highest and $31 lowest target. $55.33’s average target is 51.38% above currents $36.55 stock price. SP Plus had 3 analyst reports since September 4, 2015 according to SRatingsIntel. UBS maintained the shares of SP in report on Friday, September 4 with “Buy” rating. As per Monday, November 9, the company rating was maintained by Barrington Research. The stock of SP Plus Corporation (NASDAQ:SP) earned “Buy” rating by Barrington on Monday, March 5.

SP Plus Corporation (NASDAQ:SP) Institutional Positions Chart