Standard Motor Products (SMP) is Initiated by Sidoti to Buy, Price Target at $44

Standard Motor Products (SMP) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $44. Sidoti advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on Standard Motor Products. Standard Motor Products was Upgraded by CL King to ” Buy” on Jan 25, 2016.

On the company’s financial health, Standard Motor Products reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Feb 26, 2016. Analyst had a consensus of $0.56. The company had revenue of $204.97 million for the quarter, compared to analysts expectations of $223.63 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Standard Motor Products opened for trading at $33.7 and hit $34.18 on the upside on Friday, eventually ending the session at $34.1, with a gain of 1.04% or 0.35 points. The heightened volatility saw the trading volume jump to 34,914 shares. Company has a market cap of $772 M.

In a different news, on Nov 4, 2015, Frederick D Sturdivant (director) sold 1,500 shares at $44.16 per share price. According to the SEC, on Nov 4, 2015, Ray Nicholas (VP IT & CIO) sold 1,756 shares at $44.01 per share price. On Nov 4, 2015, Dale Burks (VP Global Sales & Marketing) sold 2,056 shares at $44.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Standard Motor Products Inc. is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry. The Company is organized into two operating segments each of which focuses on specific lines of replacement parts. The Company’s Engine Management Segment manufactures ignition and emission parts ignition wires battery cables fuel system parts and sensors for vehicle systems. The Company’s Temperature Control Segment manufactures and remanufactures air conditioning compressors air conditioning and heating parts engine cooling system parts power window accessories and windshield washer system parts. The Company sells its products to warehouse distributors large retail chains original equipment manufacturers and original equipment service part operations in the United States Canada Latin America and Europe.

Standard Motor Products

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