3. Standard Parking (STAN) is a provider of outsourced parking facility management services in the U.S. and Canada, including on-site parking and surface transportation services and certain customer and ancillary services.
The company will report its fourth quarter and full-year 2010 financial results on March 10, 2011. The U.S. government estimates a 100% increase in revenue from parking tickets in 2011. Moreover, the standard parking fine increased from $50 to $75 if paid within 14 days and $100 after 14 days. According to the Budget Book, the government expects to accumulate $1.5 million from parking fines, compared to $750,000 forecasted for 2010.
Eighty-three percent of analysts covering the stock rate it a buy and the remaining advise a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 26.6% from current levels to $24 over the next 12 months.
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