Headlines about Standard Motor Products (NYSE:SMP) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Standard Motor Products earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 46.915670518696 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Standard Motor Products (SMP) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Standard Motor Products Inc (NYSE:SMP): Ex-Dividend Is Coming In 3 Days, Should You Buy? (finance.yahoo.com)
- Analysts Anticipate Standard Motor Products, Inc. (SMP) Will Post Quarterly Sales of $229.00 Million (americanbankingnews.com)
- Zacks: Analysts Anticipate Standard Motor Products, Inc. (SMP) to Post $0.39 EPS (americanbankingnews.com)
Shares of Standard Motor Products (NYSE SMP) opened at $47.71 on Thursday. The firm has a market capitalization of $1,066.45, a PE ratio of 20.22, a PEG ratio of 2.40 and a beta of 1.82. Standard Motor Products has a 52 week low of $40.56 and a 52 week high of $54.73.
Standard Motor Products declared that its board has approved a share repurchase plan on Monday, November 20th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently weighed in on SMP shares. FBR & Co reissued a “hold” rating and issued a $48.00 target price on shares of Standard Motor Products in a research note on Friday, October 27th. Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “strong sell” rating in a research note on Monday, October 30th. Finally, B. Riley reissued a “neutral” rating on shares of Standard Motor Products in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $54.00.
About Standard Motor Products
Standard Motor Products, Inc is an independent manufacturer 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’s segments include Engine Management Segment and Temperature Control Segment.
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