Analysts Set Superior Industries International Inc (NYSE:SUP) Target Price at $4.31

Superior Industries International Inc (NYSE:SUP) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.31.

A number of equities analysts have recently weighed in on the company. B. Riley cut Superior Industries International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $1.00 in a report on Thursday, March 19th. Barrington Research assumed coverage on Superior Industries International in a report on Tuesday. They issued a “buy” rating and a $7.00 price target for the company. ValuEngine raised Superior Industries International from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Benchmark assumed coverage on Superior Industries International in a report on Thursday, January 9th. They issued a “hold” rating for the company.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its position in Superior Industries International by 20.1% during the fourth quarter. Advisory Services Network LLC now owns 26,180 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 4,375 shares during the period. Acadian Asset Management LLC boosted its position in shares of Superior Industries International by 11.1% in the fourth quarter. Acadian Asset Management LLC now owns 116,992 shares of the auto parts company’s stock worth $432,000 after buying an additional 11,642 shares during the period. 6 Meridian boosted its position in shares of Superior Industries International by 14.4% in the fourth quarter. 6 Meridian now owns 95,396 shares of the auto parts company’s stock worth $352,000 after buying an additional 11,988 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Superior Industries International in the third quarter worth about $40,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Superior Industries International by 15.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,238 shares of the auto parts company’s stock worth $392,000 after buying an additional 14,253 shares during the period. Hedge funds and other institutional investors own 52.07% of the company’s stock.

Shares of NYSE SUP traded down $0.07 during trading on Monday, reaching $1.58. The company had a trading volume of 279,591 shares, compared to its average volume of 344,649. Superior Industries International has a twelve month low of $0.90 and a twelve month high of $6.30. The stock has a market capitalization of $38.20 million, a PE ratio of -0.31 and a beta of 2.03. The stock has a 50-day moving average price of $2.32 and a two-hundred day moving average price of $2.96. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 2.37.

Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Friday, February 28th. The auto parts company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.21. Superior Industries International had a positive return on equity of 6.00% and a negative net margin of 7.04%. The company had revenue of $310.30 million during the quarter, compared to analysts’ expectations of $344.16 million. During the same period in the previous year, the firm posted ($0.16) earnings per share. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. On average, sell-side analysts predict that Superior Industries International will post -0.64 EPS for the current year.

Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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