Last Updated: 16 Sep 2024
Executive Summary
Standard Motor Products Inc. (SMP) is a leading manufacturer and distributor of motor vehicle replacement parts. The company has a strong financial position, with a market capitalization of $721.52 million. SMP's stock price is currently trading at $33.41, which is below its 52-week high of $40.64. The company's fundamentals are strong, with a trailing PE ratio of 12.31 and a forward PE ratio of 9.72. SMP also has a strong track record of dividend payments, with a dividend yield of 0.0349%.
Company Overview
Standard Motor Products Inc. was founded in 1918 and is headquartered in Long Island City, New York. The company manufactures and distributes a wide range of motor vehicle replacement parts, including alternators, starters, ignition coils, and fuel pumps. SMP's products are sold to a variety of customers, including automotive repair shops, auto parts stores, and vehicle manufacturers.
Fundamental Analysis
SMP's financial performance has been strong in recent years. The company's revenue has grown by an average of 10.4% per year over the past five years. SMP's net income has also grown by an average of 15.5% per year over the past five years. The company's profit margin is 2.79%, and its operating margin is 10.5%. SMP's return on assets is 6.37%, and its return on equity is 9.35%.
Technical Analysis
SMP's stock price has been trending lower in recent months. The stock price is currently below its 50-day moving average and its 200-day moving average. The stock's relative strength index (RSI) is 35.36, which indicates that the stock is oversold.
Short Term Outlook
SMP's stock price is likely to remain under pressure in the short term. The stock's technical indicators are bearish, and the company's earnings are expected to decline in the next quarter.
Long Term Outlook
SMP's long-term outlook is positive. The company's fundamentals are strong, and the company is well-positioned to benefit from the growing demand for motor vehicle replacement parts.
Analyst Recommendations
The majority of analysts have a buy rating on SMP's stock. The average analyst target price is $42.00.
