FBR Capital Releases a Hold Rating on Standard Motor ProductsBy Ryan Adsit
In a report released today, Christopher Van Horn from FBR Capital reiterated a Hold rating on Standard Motor Products (NYSE: SMP), with a price target of $48. The company’s shares closed yesterday at $49.68.
According to TipRanks.com, Horn is a 5-star analyst with an average return of 14.6% and a 72.2% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Harman International, Tower International, and Cooper Tire Rubber.
Standard Motor Products has an analyst consensus of Hold, with a price target consensus of $48.
Standard Motor Products’ market cap is currently $1.13B and has a P/E ratio of 19.95. The company has a book value ratio of 2.5734.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2016, Peter Sills, a Director at SMP sold 15,000 shares for a total of $765,174.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Standard Motor Products, Inc. is an independent manufacturer, distributor and marketer of replacement parts for motor vehicles in the automotive aftermarket industry, which focuses on the original equipment service market. The company operates through the following segments: Engine Management and Temperature Control. The Engine Management segment manufactures and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. The 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. Standard Motor Products was founded by Elias Fife and Ralph Van Allen in 1919 and is headquartered in Long Island City, NY.