Standard Motor Products Inc. (NYSE: SMP) has reported E.P.S. of $1.22 for its third fiscal quarter (ending September 30) versus $1.14 for the same period a year ago — an increase of 7%. For the latest four quarters through September 30, E.P.S. were $2.83 versus $2.98 for the same period a year ago — a decline of -5%.
Recent Price Action
On 10/30/24, Standard Motor Products Inc. (NYSE: SMP) stock enjoyed a major increase of 19.0%, closing at $34.10. Moreover, trading volume in this advance was unusually high at 152% of normal. Relative to the market the stock has been weak over the last nine months but has risen 17.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMP is expected to continue to be a Value Builder.
Standard Motor Products has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Standard Motor Products has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 31, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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