Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Standard Motor Products Inc. (NYSE: SMP) weakened during the last several trading days. SMP’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Standard Motor Products Inc. (NYSE: SMP) stock declined slightly by -0.2%, closing at $31.22. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
SMP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Standard Motor Products has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Standard Motor Products has a neutral Appreciation Score of 54 but a poor Power Rating of 30, producing the Negative Value Trend Rating.
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