In a report released today, Kevin Steinke from Barrington initiated coverage with a Buy rating on SP Plus (SP) and a price target of $36.00. The company’s shares closed last Thursday at $21.23.
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.9% and a 46.0% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Echo Global Logistics.
Currently, the analyst consensus on SP Plus is a Moderate Buy with an average price target of $38.00.
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The company has a one-year high of $47.33 and a one-year low of $14.44. Currently, SP Plus has an average volume of 190.1K.
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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.
