Key Researchers at Jefferies Didn’t Change their ‘”Buy”’ rating for Standard Motor Products (NYSE:SMP) Shares Today. Their Price Objective Given is $60.0

September 17, 2017 - By Richard Conner

 Key Researchers at Jefferies Didn't Change their ‘

Investors sentiment increased to 1.46 in Q4 2016. Its up 0.11, from 1.35 in 2016Q3. It increased, as 5 investors sold Standard Motor Products, Inc. shares while 45 reduced holdings. 27 funds opened positions while 46 raised stakes. 17.38 million shares or 3.78% less from 18.07 million shares in 2016Q3 were reported.

Panagora Asset owns 13,434 shares for 0% of their portfolio. Northern Tru holds 0.01% or 638,043 shares in its portfolio. Teton Advsr Inc has invested 0.65% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Manufacturers Life Insurance The stated it has 14,767 shares or 0% of all its holdings. Sector Pension Investment Board holds 0.01% or 14,354 shares in its portfolio. Public Employees Retirement Association Of Colorado holds 0% in Standard Motor Products, Inc. (NYSE:SMP) or 6,372 shares. 25,882 are owned by Aqr Lc. Texas Permanent School Fund reported 0.01% stake. Jane Street Grp Inc Ltd Liability Com owns 4,562 shares. Teachers Retirement Of The State Of Kentucky accumulated 5,100 shares. Dimensional Fund Lp owns 1.60M shares. Trexquant Invest Lp has 0.03% invested in Standard Motor Products, Inc. (NYSE:SMP) for 3,777 shares. State Teachers Retirement System reported 55,694 shares. Royal Bancorp Of Canada holds 23,620 shares. Allianz Asset Mgmt Ag, Germany-based fund reported 19,753 shares.

Since May 9, 2017, it had 0 buys, and 8 insider sales for $1.61 million activity. On Tuesday, June 13 SILLS LAWRENCE I sold $355,414 worth of Standard Motor Products, Inc. (NYSE:SMP) or 7,000 shares. SILLS PETER J sold $67,590 worth of stock. Another trade for 10,000 shares valued at $503,400 was sold by SILLS ARTHUR S. Broccole Carmine Joseph sold $98,980 worth of stock.

Standard Motor Products (NYSE:SMP) Rating Reaffirmed

Jefferies now has a $60.0 target price per share on shares of Standard Motor Products (NYSE:SMP). The target price per share gives a potential upside of 29.42 % from the last price of Standard Motor Products (NYSE:SMP). This rating was revealed in an analyst note on 11 September.

Investors sentiment increased to 1.46 in Q4 2016. Its up 0.11, from 1.35 in 2016Q3. It increased, as 5 investors sold Standard Motor Products, Inc. shares while 45 reduced holdings. 27 funds opened positions while 46 raised stakes. 17.38 million shares or 3.78% less from 18.07 million shares in 2016Q3 were reported.

Panagora Asset owns 13,434 shares for 0% of their portfolio. Northern Tru holds 0.01% or 638,043 shares in its portfolio. Teton Advsr Inc has invested 0.65% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Manufacturers Life Insurance The stated it has 14,767 shares or 0% of all its holdings. Sector Pension Investment Board holds 0.01% or 14,354 shares in its portfolio. Public Employees Retirement Association Of Colorado holds 0% in Standard Motor Products, Inc. (NYSE:SMP) or 6,372 shares. 25,882 are owned by Aqr Lc. Texas Permanent School Fund reported 0.01% stake. Jane Street Grp Inc Ltd Liability Com owns 4,562 shares. Teachers Retirement Of The State Of Kentucky accumulated 5,100 shares. Dimensional Fund Lp owns 1.60M shares. Trexquant Invest Lp has 0.03% invested in Standard Motor Products, Inc. (NYSE:SMP) for 3,777 shares. State Teachers Retirement System reported 55,694 shares. Royal Bancorp Of Canada holds 23,620 shares. Allianz Asset Mgmt Ag, Germany-based fund reported 19,753 shares.

Since May 9, 2017, it had 0 buys, and 8 insider sales for $1.61 million activity. On Tuesday, June 13 SILLS LAWRENCE I sold $355,414 worth of Standard Motor Products, Inc. (NYSE:SMP) or 7,000 shares. SILLS PETER J sold $67,590 worth of stock. Another trade for 10,000 shares valued at $503,400 was sold by SILLS ARTHUR S. Broccole Carmine Joseph sold $98,980 worth of stock.

Standard Motor Products, Inc. (NYSE:SMP) Ratings Coverage

Among 4 analysts covering Standard Motor (NYSE:SMP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Standard Motor has $6000 highest and $41 lowest target. $49.67’s average target is 7.14% above currents $46.36 stock price. Standard Motor had 8 analyst reports since October 15, 2015 according to SRatingsIntel. The rating was initiated by Sidoti on Monday, April 18 with “Buy”. Jefferies maintained it with “Buy” rating and $60.0 target in Monday, September 11 report. The firm has “Buy” rating by Jefferies given on Tuesday, October 20. The firm earned “Buy” rating on Wednesday, August 9 by Jefferies. FBR Capital maintained Standard Motor Products, Inc. (NYSE:SMP) rating on Friday, February 17. FBR Capital has “Mkt Perform” rating and $48 target. The firm earned “Buy” rating on Thursday, July 6 by Jefferies. Jefferies maintained the shares of SMP in report on Thursday, August 4 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 15 by BB&T Capital.

The stock increased 0.02% or $0.01 on September 15, reaching $46.36. About 184,286 shares traded or 91.99% up from the average. Standard Motor Products, Inc. (NYSE:SMP) has risen 32.15% since September 17, 2016 and is uptrending. It has outperformed by 15.45% the S&P500.

Analysts await Standard Motor Products, Inc. (NYSE:SMP) to report earnings on October, 26. They expect $0.87 earnings per share, down 5.43 % or $0.05 from last year’s $0.92 per share. SMP’s profit will be $19.89M for 13.32 P/E if the $0.87 EPS becomes a reality. After $0.81 actual earnings per share reported by Standard Motor Products, Inc. for the previous quarter, Wall Street now forecasts 7.41 % EPS growth.

Standard Motor Products, Inc. is an independent maker and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The company has market cap of $1.06 billion. The Company’s divisions include Engine Management Segment and Temperature Control Segment. It has a 16.69 P/E ratio. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems.

More recent Standard Motor Products, Inc. (NYSE:SMP) news were published by: Prnewswire.com which released: “Standard Motor Products Releases 333 New Parts for Standard® and Intermotor®” on August 14, 2017. Also Prnewswire.com published the news titled: “Standard Motor Products, Inc. Announces Second Quarter 2017 Earnings …” on July 28, 2017. Seekingalpha.com‘s news article titled: “Profit From The Aging Population Of Cars” with publication date: July 12, 2017 was also an interesting one.

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