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:
- Standard Motor Products (SMP) Upgraded at BidaskClub (americanbankingnews.com)
- Critical Contrast: Standard Motor Products (SMP) versus Its Competitors (americanbankingnews.com)
- Contrasting Standard Motor Products (SMP) & Its Competitors (americanbankingnews.com)
- Standard Motor Products (SMP) Lowered to Hold at BidaskClub (americanbankingnews.com)
- Contrasting Standard Motor Products (SMP) & Its Peers (americanbankingnews.com)
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.
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.
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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.
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