Somewhat Positive News Coverage Somewhat Unlikely to Impact Standard Motor Products (SMP) Stock Price

News coverage about Standard Motor Products (NYSE:SMP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Standard Motor Products earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.3313294194612 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

How to Become a New Pot Stock Millionaire

Shares of NYSE SMP opened at $48.43 on Monday. The firm has a market capitalization of $1,095.40, a PE ratio of 17.11, a P/E/G ratio of 2.41 and a beta of 1.67. Standard Motor Products has a 12-month low of $40.56 and a 12-month high of $54.73.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.16. The business had revenue of $239.98 million for the quarter. Standard Motor Products had a return on equity of 14.15% and a net margin of 3.40%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. analysts anticipate that Standard Motor Products will post 3.35 EPS for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Standard Motor Products from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, February 22nd. ValuEngine upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Monday, April 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.00.

In other news, Director John P. Gethin sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.50, for a total value of $247,500.00. Following the sale, the director now directly owns 20,850 shares in the company, valued at $1,032,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Standard Motor Products (SMP) Stock Price” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2018/04/16/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-standard-motor-products-smp-stock-price.html.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

Receive News & Ratings for Standard Motor Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply