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Standard Motor Rides on Plant Consolidations, Relocations
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On Mar 26, we issued an updated research report on Standard Motor Products, Inc. (SMP - Free Report) .
Long Island City, NY-based Standard Motor aims at attaining long-term strategic goals with the help of plant consolidations and relocations. In sync with this strategy, the company exited its factory in Grapevine, TX, while shifting some of the operations to Greenville, SC, and others to Reynosa, Mexico. Moreover, it is also closing the electronics facility in Orlando, FL, and relocating it to Independence, KS. All these moves are benefiting Standard Motor and helping it to strengthen its business.
Moreover, Standard Motor has promising long-term business prospects which allow it to deploy capital effectively. Recently, it raised the dividend by 10.5% to 21 cents per share.
In the last 30 days, the stock has not seen any revision in the Zacks Consensus Estimate for the current quarter and it remained unchanged at 67 cents per share.
In the past three months, shares of Standard Motor outperformed the industry it belongs to. During this time frame, shares of the company rose 3% whereas the industry declined 5.8%.
A few better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While General Motors sports a Zacks Rank #1, both Volkswagen and Volvo carry a Zacks Rank #2.
General Motors has an expected long-term growth rate of 8.4%. Shares of the company have inched up 1.2% in the past year.
Volkswagen has an expected long-term growth rate of 18.7%. Shares of the company have advanced 29.6% in the past year.
AB Volvo has an expected long-term growth rate of 15%. In the past year, shares of the company have rallied 22%.
Today’s Stocks From Zacks’ Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we’re willing to share their latest stocks with you without cost or obligation.
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Standard Motor Rides on Plant Consolidations, Relocations
On Mar 26, we issued an updated research report on Standard Motor Products, Inc. (SMP - Free Report) .
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Long Island City, NY-based Standard Motor aims at attaining long-term strategic goals with the help of plant consolidations and relocations. In sync with this strategy, the company exited its factory in Grapevine, TX, while shifting some of the operations to Greenville, SC, and others to Reynosa, Mexico. Moreover, it is also closing the electronics facility in Orlando, FL, and relocating it to Independence, KS. All these moves are benefiting Standard Motor and helping it to strengthen its business.
Moreover, Standard Motor has promising long-term business prospects which allow it to deploy capital effectively. Recently, it raised the dividend by 10.5% to 21 cents per share.
In the last 30 days, the stock has not seen any revision in the Zacks Consensus Estimate for the current quarter and it remained unchanged at 67 cents per share.
In the past three months, shares of Standard Motor outperformed the industry it belongs to. During this time frame, shares of the company rose 3% whereas the industry declined 5.8%.
Standard Motor carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While General Motors sports a Zacks Rank #1, both Volkswagen and Volvo carry a Zacks Rank #2.
General Motors has an expected long-term growth rate of 8.4%. Shares of the company have inched up 1.2% in the past year.
Volkswagen has an expected long-term growth rate of 18.7%. Shares of the company have advanced 29.6% in the past year.
AB Volvo has an expected long-term growth rate of 15%. In the past year, shares of the company have rallied 22%.
Today’s Stocks From Zacks’ Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we’re willing to share their latest stocks with you without cost or obligation.
See Them Free>>