Stoneridge PT Raised to $14.00 (SRI)
Investment analysts at Stephens raised their target price on shares of Stoneridge (NYSE:SRI) from $13.50 to $14.00 in a note issued to investors on Friday. Stephens’ price objective points to a potential upside of 23.78% from the company’s current price.
Separately, analysts at TheStreet downgraded shares of Stoneridge to a “hold” rating in a research note on Wednesday.
Shares of Stoneridge (NYSE:SRI) traded up 0.44% on Friday, hitting $11.36. The stock had a trading volume of 90,318 shares. Stoneridge has a 1-year low of $8.68 and a 1-year high of $13.51. The stock has a 50-day moving average of $11.01 and a 200-day moving average of $10.76. The company’s market cap is $320.9 million.
Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.06. The company had revenue of $162.10 million for the quarter, compared to the consensus estimate of $196.40 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that Stoneridge will post $0.58 EPS for the current fiscal year.
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural and off-highway vehicle markets.
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