Stoneridge, Inc. (NYSE:SRI) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.60.
Several research firms have recently commented on SRI. Stephens set a $35.00 target price on shares of Stoneridge and gave the stock a “buy” rating in a research report on Tuesday. Barrington Research set a $50.00 target price on shares of Stoneridge and gave the stock a “buy” rating in a research report on Monday, October 29th. ValuEngine downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Zacks Investment Research downgraded shares of Stoneridge from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Buckingham Research cut their price target on shares of Stoneridge from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd.
NYSE:SRI opened at $25.51 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The stock has a market cap of $723.79 million, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. Stoneridge has a one year low of $20.78 and a one year high of $37.69.
Stoneridge (NYSE:SRI) last posted its earnings results on Friday, October 26th. The auto parts company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $208.90 million during the quarter, compared to the consensus estimate of $204.36 million. Stoneridge had a net margin of 7.09% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts predict that Stoneridge will post 2.04 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Stoneridge by 6.2% during the 1st quarter. Wells Fargo & Company MN now owns 65,274 shares of the auto parts company’s stock worth $1,802,000 after buying an additional 3,782 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Stoneridge by 5.2% in the 1st quarter. Northern Trust Corp now owns 342,292 shares of the auto parts company’s stock worth $9,447,000 after purchasing an additional 16,828 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Stoneridge by 6.3% in the 1st quarter. Russell Investments Group Ltd. now owns 75,624 shares of the auto parts company’s stock worth $2,087,000 after purchasing an additional 4,473 shares during the last quarter. UBS Group AG lifted its holdings in shares of Stoneridge by 412.9% in the 1st quarter. UBS Group AG now owns 10,940 shares of the auto parts company’s stock worth $302,000 after purchasing an additional 8,807 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in shares of Stoneridge in the 1st quarter worth approximately $453,000. Institutional investors and hedge funds own 89.74% of the company’s stock.
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
Further Reading: Bear Market – How and Why They Occur
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.