Cibc Asset Management Has Cut Open Text (OTEX) Stake By $35.34 Million; Specialty Laboratories (SP) Sentiment Is 3.38

November 15, 2017 - By Migdalia James

SP Plus Corporation is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada.

The company has market cap of $841.15 million. The Company’s divisions include Region One (Urban), Region Two (Airport transportation), Region Three and Other. It has a 19.53 P/E ratio. Region One (Urban) encompasses its services in healthcare facilities, municipalities, including government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services such as shuttle and transportation services, valet services, taxi and livery dispatch services.

Cibc Asset Management Inc decreased Open Text Corp (OTEX) stake by 41.86% reported in 2017Q2 SEC filing. Cibc Asset Management Inc sold 1.14M shares as Open Text Corp (OTEX)’s stock declined 3.85%. The Cibc Asset Management Inc holds 1.58 million shares with $49.92 million value, down from 2.72M last quarter. Open Text Corp now has $8.82B valuation. The stock decreased 0.54% or $0.18 during the last trading session, reaching $33.23. About shares traded. Open Text Corp (USA) (NASDAQ:OTEX) has risen 15.94% since November 15, 2016 and is uptrending. It has underperformed by 0.76% the S&P500.

Analysts await Open Text Corp (USA) (NASDAQ:OTEX) to report earnings on February, 1. They expect $0.20 EPS, up 11.11% or $0.02 from last year’s $0.18 per share. OTEX’s profit will be $53.08M for 41.54 P/E if the $0.20 EPS becomes a reality. After $0.14 actual EPS reported by Open Text Corp (USA) for the previous quarter, Wall Street now forecasts 42.86% EPS growth.

Among 8 analysts covering OpenText Corporation (NASDAQ:OTEX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. OpenText Corporation has $76 highest and $36 lowest target. $49.25’s average target is 48.21% above currents $33.23 stock price. OpenText Corporation had 19 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the shares of OTEX in report on Thursday, July 30 to “Outperform” rating. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 29. The firm has “Outperform” rating given on Tuesday, September 13 by BMO Capital Markets. The stock of Open Text Corp (USA) (NASDAQ:OTEX) earned “Neutral” rating by Citigroup on Thursday, February 16. The firm earned “Buy” rating on Monday, October 30 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, July 12 by RBC Capital Markets. BMO Capital Markets maintained it with “Buy” rating and $4000 target in Thursday, August 3 report. As per Tuesday, January 24, the company rating was reinitiated by Barclays Capital. The firm earned “Overweight” rating on Friday, August 4 by Barclays Capital. The stock of Open Text Corp (USA) (NASDAQ:OTEX) has “Overweight” rating given on Tuesday, July 28 by Barclays Capital.

Cibc Asset Management Inc increased Intel Corp (NASDAQ:INTC) stake by 17,224 shares to 578,128 valued at $19.51 million in 2017Q2. It also upped Cenovus Energy Inc (NYSE:CVE) stake by 657,899 shares and now owns 7.73M shares. Groupe Cgi Inc (NYSE:GIB) was raised too.

Analysts await SP Plus Corp (NASDAQ:SP) to report earnings on February, 28. They expect $0.43 earnings per share, down 17.31% or $0.09 from last year’s $0.52 per share. SP’s profit will be $9.68M for 21.72 P/E if the $0.43 EPS becomes a reality. After $0.50 actual earnings per share reported by SP Plus Corp for the previous quarter, Wall Street now forecasts -14.00% negative EPS growth.

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