Superior Industries International Inc (NYSE:SUP) Receives $4.31 Average PT from Analysts

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

A number of research firms have recently issued reports on SUP. Barrington Research began coverage on Superior Industries International in a report on Tuesday. They issued a “buy” rating and a $7.00 target price for the company. ValuEngine upgraded Superior Industries International from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Benchmark began coverage on Superior Industries International in a report on Thursday, January 9th. They issued a “hold” rating for the company. Finally, B. Riley lowered Superior Industries International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $5.00 to $1.00 in a report on Thursday, March 19th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUP. Millennium Management LLC lifted its holdings in shares of Superior Industries International by 1,265.3% in the third quarter. Millennium Management LLC now owns 1,024,011 shares of the auto parts company’s stock valued at $2,959,000 after purchasing an additional 949,011 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Superior Industries International in the fourth quarter valued at $1,236,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Superior Industries International by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 963,923 shares of the auto parts company’s stock worth $3,557,000 after acquiring an additional 100,324 shares in the last quarter. Man Group plc purchased a new stake in shares of Superior Industries International during the third quarter worth $73,000. Finally, Virtu Financial LLC purchased a new stake in shares of Superior Industries International during the third quarter worth $46,000. Institutional investors own 52.07% of the company’s stock.

Shares of SUP traded down $0.07 during trading hours on Monday, hitting $1.58. 279,591 shares of the company were exchanged, compared to its average volume of 344,649. The company has a market capitalization of $38.20 million, a PE ratio of -0.31 and a beta of 2.03. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.85 and a quick ratio of 0.97. The firm has a fifty day simple moving average of $2.32 and a 200-day simple moving average of $2.96. Superior Industries International has a one year low of $0.90 and a one year high of $6.30.

Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Friday, February 28th. The auto parts company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.21. The business had revenue of $310.30 million during the quarter, compared to analyst estimates of $344.16 million. Superior Industries International had a positive return on equity of 6.00% and a negative net margin of 7.04%. The company’s revenue was down 18.1% compared to the same quarter last year. During the same period last year, the company posted ($0.16) EPS. Sell-side analysts expect 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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