Dropping The 52 Week Low, SP Plus Corp (Nasdaq:SP) Ending The Day At $28.75

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SP Plus Corp (Nasdaq:SP)

December 5th, 2018
Amidst falling markets SP Plus Corp finished Tuesday’s trading session down 6.87%, a $2.12 decrease to close on $28.75. As well as the drop in value, SP Plus Corp hit a new 52 week low of $28.52, breaking the previous low of $29.38 from earlier this August.

SP was outperformed by the rest of the Industrials sector which went down just 4.35%.

Forecasts from 3 analysts suggest that SP Plus Corp might increase significantly (57%), while Finbox has calculated (with medium uncertainty) a fair value price of $48.08.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

SP Plus is based in Aon Center. SP Plus was founded in 1929.

SP Plus Corp Info

SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients’ facilities or events. The company also offers a range of ancillary services, such as airport and municipal shuttle operations, valet services, and municipal meter revenue collection and enforcement services; ground transportation services, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers; and remote parking management services. In addition, it provides facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; and multi-platform marketing services comprising SP+ branded Websites offering clients a platform for marketing their facilities, mobile apps, search marketing, email marketing, and social media campaigns. The company serves private and public owners, managers, and developers of office buildings, residential properties, commercial properties, shopping centers, other retail properties, sports and special event complexes, hotels, and hospitals and medical centers. As of December 31, 2017, it managed 3,623 parking facility locations containing approximately 2.0 million parking spaces in 350 cities; operated 76 parking-related service centers serving 70 airports; operated a fleet of approximately 700 shuttle buses; and operated 738 valet locations. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is based in Chicago, Illinois.

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