Standard Motor Products, Inc. with ticker code (SMP) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The target price High/Low ranges between 50 and 47 and has a mean target at $48.67. Given that the stocks previous close was at $35.32 this is indicating there is a potential upside of 37.8%. Also worth taking note is the 50 day moving average now sits at $38.56 and the 200 moving average now moves to $38.61. The market capitalization for the company is $756m. Visit the company website at: https://www.smpcorp.com
The potential market cap would be $1,041m based on the market consensus.
Standard Motor Products, Inc. manufactures and distributes automotive parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry in the United States and internationally. The company’s Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. This segment offers its products under the Standard, Blue Streak, Intermotor, OEM, BWD select, techexpert, Locksmart, and pollak brands. Its Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Everco HD brands; also distribute our products to customers for resale under private labels with NAPA Echlin and Belden brands. Its products include air conditioning compressors and repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, actuators, hose assemblies, thermal expansion devices, heater valves, heater cores, A/C service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company serves primarily automotive aftermarket retailers, warehouse distributors, original equipment manufacturers, and original equipment service part manufactures. The company was founded in 1919 and is headquartered in Long Island City, New York.
The company has a dividend yield of 3.27% with the ex dividend date set at 14-2-2023 (DMY).
Other points of data to note are a P/E ratio of 10.77, revenue per share of 63.27 and a 7.03% return on assets.
