Strattec Security Corp Upgraded by Zacks to Outperform (STRT)
Strattec Security Corp (NASDAQ:STRT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a $58.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 3.57% from the stock’s previous close.
Separately, analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp from $42.00 to $53.00 in a research note to investors on Friday, January 24th.
Shares of Strattec Security Corp (NASDAQ:STRT) traded down 3.47% on Wednesday, hitting $54.055. 13,041 shares of the company’s stock traded hands. Strattec Security Corp has a one year low of $26.15 and a one year high of $57.25. The stock has a 50-day moving average of $45.22 and a 200-day moving average of $41.45. The company has a market cap of $184.5 million and a price-to-earnings ratio of 17.24.
Strattec Security Corp (NASDAQ:STRT) last announced its earnings results on Thursday, January 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.18. During the same quarter in the prior year, the company posted $0.70 earnings per share. Analysts expect that Strattec Security Corp will post $4.24 EPS for the current fiscal year.
STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets automotive security products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings; and access control products including latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American automotive customers.
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