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.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 69 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Superior Industries International in the 3rd quarter worth about $155,000. BNP Paribas Arbitrage SA raised its position in shares of Superior Industries International by 51.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 3,094 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Superior Industries International in the 3rd quarter worth about $186,000. Finally, Baker Ellis Asset Management LLC bought a new position in shares of Superior Industries International in the 2nd quarter worth about $196,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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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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