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Bull of the Day

Zacks Equity Research

Standard Motor Products (SMP)


Trades from $3

Standard Motor Products (SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. The company's recently amended credit agreement with GE capital has increased its scope for further investments.

Moreover, Standard Motor has hiked its dividend payment, signaling the company's improved confidence in its operations. Plus, the company is not vulnerable to the cyclicality of the auto industry.

In the fourth quarter, its earnings outperformed the Zacks Consensus Estimate by $0.08 per share. Therefore, we have maintained our Outperform recommendation on the stock and set a target price of $14.

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