Superior Industries International, Inc. (SUP) Receives Consensus Rating of “Hold” from Analysts
Shares of Superior Industries International, Inc. (NYSE:SUP) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $22.67.
A number of brokerages recently issued reports on SUP. B. Riley reissued a “buy” rating on shares of Superior Industries International in a report on Wednesday, November 1st. Buckingham Research reduced their price objective on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. FBR & Co reduced their price objective on shares of Superior Industries International from $31.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research cut shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th.
In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the director now directly owns 7,946 shares of the company’s stock, valued at $127,136. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.
Superior Industries International (NYSE:SUP) opened at $16.70 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 2.36. The company has a market cap of $418.45, a P/E ratio of 17.32 and a beta of 0.74. Superior Industries International has a 52 week low of $13.95 and a 52 week high of $27.45.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.58). The firm had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The company’s revenue was up 88.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. analysts forecast that Superior Industries International will post 0.8 earnings per share for the current year.
About Superior Industries International
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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