The stock of Standard Motor Products, Inc. (NYSE:SMP) reached all time high today, Sep, 30 and still has $69.95 target or 46.00% above today’s $47.91 share price. This indicates more upside for the $1.09 billion company. This technical setup was reported by Barchart.com. If the $69.95 PT is reached, the company will be worth $501.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 44,930 shares traded hands. Standard Motor Products, Inc. (NYSE:SMP) has risen 58.46% since February 26, 2016 and is uptrending. It has outperformed by 48.04% the S&P500.
Analysts await Standard Motor Products, Inc. (NYSE:SMP) to report earnings on November, 3. They expect $0.85 earnings per share, up 6.25% or $0.05 from last year’s $0.8 per share. SMP’s profit will be $19.34M for 14.09 P/E if the $0.85 EPS becomes a reality. After $0.88 actual earnings per share reported by Standard Motor Products, Inc. for the previous quarter, Wall Street now forecasts -3.41% negative EPS growth.
Standard Motor Products, Inc. (NYSE:SMP) Ratings Coverage
Out of 3 analysts covering Standard Motor (NYSE:SMP), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Standard Motor has been the topic of 4 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Jefferies initiated it with “Buy” rating and $43 target price in Tuesday, October 20 report. The stock has “Buy” rating given by Sidoti on Monday, April 18. The firm has “Buy” rating by BB&T Capital given on Thursday, October 15. The firm earned “Buy” rating on Thursday, August 4 by Jefferies.
According to Zacks Investment Research, “Standard Motor Products manufactures and distributes replacement parts for motor vehicles. They are now organized into two principal segments, each focused on a specific type of replacement part. The Engine Management Division consists primarily of ignition and emission parts, on-board computers, ignition wires, battery cables and fuel system parts. The Temperature Control Division consists primarily of air conditioning compressors, other air conditioning parts and heater parts.”
Insitutional Activity: The institutional sentiment increased to 1.72 in Q2 2016. Its up 0.52, from 1.2 in 2016Q1. The ratio increased, as 8 funds sold all Standard Motor Products, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 57 increased positions. They now own 17.94 million shares or 0.67% more from 17.82 million shares in 2016Q1.
Blackrock Mgmt Ltd Com accumulated 91,362 shares or 0% of the stock. First Advsr Ltd Partnership last reported 36,392 shares in the company. Teachers Advsr has invested 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Teton Advisors holds 0.44% or 123,200 shares in its portfolio. Denali Limited Liability reported 30 shares or 0% of all its holdings. Morgan Stanley owns 24,372 shares or 0% of their US portfolio. Suntrust Banks Inc accumulated 0% or 6,243 shares. Blackrock Gru Limited has invested 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Texas Permanent School Fund has 15,098 shares for 0.01% of their US portfolio. The Mississippi-based Hancock has invested 0.04% in Standard Motor Products, Inc. (NYSE:SMP). The Connecticut-based Zebra Cap Mngmt Limited Liability Company has invested 0.34% in Standard Motor Products, Inc. (NYSE:SMP). Aqr Cap Mngmt Ltd Company holds 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 55,671 shares. Copeland Cap Management Lc owns 343,094 shares or 0.94% of their US portfolio. Monarch Prtn Asset Mgmt Ltd last reported 6,581 shares in the company. Pacific Ridge Capital Prtn Ltd Llc holds 0.33% or 18,220 shares in its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 10 sales for $1.47 million net activity. $81,767 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by GETHIN JOHN P on Tuesday, June 7. Nicholas Ray sold $72,258 worth of stock or 1,931 shares. Another trade for 1,200 shares valued at $51,696 was sold by STURDIVANT FREDERICK D. SILLS PETER J also sold $108,733 worth of Standard Motor Products, Inc. (NYSE:SMP) shares. Another trade for 10,000 shares valued at $428,000 was sold by SILLS ARTHUR S. $43,190 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by Tesoro Thomas on Monday, August 8.
More important recent Standard Motor Products, Inc. (NYSE:SMP) news were published by: Finance.Yahoo.com which released: “Standard Motor Products, Inc. Announces TechSmart “Show Us Your Shop” Contest” on September 06, 2016, also Prnewswire.com published article titled: “Standard Motor Products, Inc. Announces “Work Smarter, Not Harder” Giveaway”, Prnewswire.com published: “Standard Motor Products, Inc. Announces Key Management Changes and Retirement …” on October 29, 2015. More interesting news about Standard Motor Products, Inc. (NYSE:SMP) was released by: Prnewswire.com and their article: “Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2015 Results” with publication date: February 26, 2016.
SMP Company Profile
Standard Motor Products, Inc., incorporated in December 30, 1926, is a maker and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Firm operates through two divisions: Engine Management Segment and Temperature Control Segment. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. The Temperature Control Segment makes and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories, and windshield washer system parts. The Firm sells its products to warehouse distributors, large retail chains, original equipment manufacturers and original equipment service part activities in the United States, Canada, Latin America and Europe.
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