Standard Motor Products, Inc. Announces New 750 Million Credit Facility
| SMP Stock | USD 32.78 0.10 0.31% |
Slightly above 56% of all Standard's retail investors are looking to take a long position. The analysis of overall sentiment of trading Standard Motor Products stock suggests that some investors are interested at this time. Standard's investing sentiment overview a quick insight into current market opportunities from investing in Standard Motor Products. Many technical investors use Standard Motor Products stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Standard |
Standard Motor Products, Inc. , a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year 750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders . The Credit Facility includes 310 million of term loans and a 440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends to use interest rate swap agreements to fix the
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Standard Investor Sentiment by Other News Outlets
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Standard Fundamental Analysis
We analyze Standard's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Standard using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Standard based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Standard is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Standard Motor Products Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Standard stock to make a market-neutral strategy. Peer analysis of Standard could also be used in its relative valuation, which is a method of valuing Standard by comparing valuation metrics with similar companies.
Peers
Standard Related Equities
| SRI | Stoneridge | 1.93 | ||||
| MPAA | Motorcar Parts | 1.91 | ||||
| MNRO | Monro Muffler | 1.73 | ||||
| CPS | Cooper Stnd | 1.53 | ||||
| LEA | Lear | 0.46 | ||||
| GNTX | Gentex | 1.00 | ||||
| PLOW | Douglas Dynamics | 1.46 | ||||
| DORM | Dorman Products | 2.12 | ||||
| CVGI | Commercial Vehicle | 2.49 |
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