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Barrington Reaffirms Their Buy Rating on SP Plus (SP)

In a report issued on May 26, Kevin Steinke from Barrington maintained a Buy rating on SP Plus (SPResearch Report), with a price target of $47.00. The company’s shares closed last Friday at $32.00.

According to TipRanks.com, Steinke is a 5-star analyst with an average return of 10.9% and a 52.2% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Heidrick & Struggles.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SP Plus with a $47.00 average price target.

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SP Plus’ market cap is currently $744.4M and has a P/E ratio of 17.07.

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SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

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