The SPRT Corporation is a publicly traded company that engages in the provision of products and services to airports, airlines, and other transportation entities. It has been around since 1892 and currently operates as a subsidiary of Toronto-Dominion Bank. The company provides ground handling services for airlines that involve passenger loading and unloading, cargo, baggage handling, ramp management, gate operations and related activities. SPRT stock is considered to be one of the best stocks in the sector with a P/E ratio of 12.7, meaning it’s worth more than 12 times its earnings per share. From recent trends to key events in the past year, here’s what you should know before investing in SPRT stock.
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What is the stock market?
The market is a network of buyers and sellers trading securities. It’s where stocks, bonds, commodities, and other types of financial instruments are bought and sold. The current value of a stock reflects the total volume of shares currently in circulation.
Why should you invest in SPRT stock?
If you’re a shareholder in SPRT stock, you can be confident that the company is a leader in the ground handling industry. It’s been around since 1892 and currently operates as a subsidiary of Toronto-Dominion Bank. The company provides ground handling services for airlines that involve passenger loading and unloading, cargo, baggage handling, ramp management, gate operations and related activities. SPRT stock is considered to be one of the best stocks in the sector with a P/E ratio of 12.7, meaning it’s worth more than 12 times its earnings per share.
If you want to invest in a business that has been around for nearly 100 years and has strong roots in Canada, this is an option for you. As an added bonus, there are so many ways to invest in SPRT stock like buying shares through your brokerage account or through mutual funds or ETFs.
Trends that have helped SPRT stock
The stock price has been on a steady incline over the past year. This is a result of recent trends, such as increased demand for air travel, which is driving growth in the airline industry and subsequent value for SPRT stock. It’s also because of the company’s increasing presence in international markets such as China, India, and Mexico, where more travelers are expected to utilize ground handling services.
Key events in the past year for SPRT
The most significant event for SPRT in the past year was the company’s stock price dropping in October of 2016. The drop happened when the company announced that its earnings for the third quarter would be lower than expected, which is a trend seen in other companies as well.
When looking at recent trends, you can see that SPRT stock has had a rough year, with a decrease of 15.08 percent from its all-time high of $19.77 to as low as $17.50 during January and February of 2017. However, after this dip, they have been on an upswing since then and are now trading at $23.08 per share on April 23rd, 2017.
Final thoughts.
If you’re looking for a high-growth, high-quality company that’s been around for over 100 years, then SPRT is the stock for you. It has a great P/E ratio and is worth more than 12 times its earnings per share. With the recent trends and events within the past year, SPRT stock could be on an upswing in the coming months.
