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Standard Motors Products, Inc.
SMP Details
Standard Motor Products, Inc. (NYSE: SMP) is a leading automotive components producer and distributor in the automotive aftermarket, with a complementary concentration on the heavy-duty, industrial, and original equipment industries. It generates its revenues through two segments, namely, 1) Engine Management and 2) Temperature Control.
Latest News:
9MFY21 Results:
Key Risks:
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
SMP Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
SMP's stock price has surged 22.54% in the past three months and is currently leaning towards the higher-band of the 52-week range of USD 39.09 to USD 55.29. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is at 52.20. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 47.51.
Considering the uptick in the stock price and current valuation, we believe the decent business fundamentals are adequately reflected at current trading levels. Hence, we recommend a "Sell" rating on the stock at the current price of USD 51.49, traded flat, as of December 09, 2021, 2:41 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.