Superior Industries International Inc. (SUP) Receives $31.50 Average PT from Brokerages
Superior Industries International Inc. (NYSE:SUP) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.50.
A number of equities research analysts have recently issued reports on SUP shares. Seaport Global Securities started coverage on shares of Superior Industries International in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company. B. Riley reissued a “neutral” rating and set a $29.00 price target on shares of Superior Industries International in a research report on Friday, October 28th.
A number of large investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. bought a new position in shares of Superior Industries International during the third quarter valued at approximately $113,000. Mason Street Advisors LLC bought a new position in shares of Superior Industries International during the second quarter valued at approximately $117,000. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Superior Industries International during the third quarter valued at approximately $132,000. Acadian Asset Management LLC bought a new position in shares of Superior Industries International during the second quarter valued at approximately $140,000. Finally, JPMorgan Chase & Co. raised its position in shares of Superior Industries International by 4,122.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the company’s stock valued at $184,000 after buying an additional 6,720 shares during the period. 81.96% of the stock is owned by institutional investors and hedge funds.
Superior Industries International (NYSE:SUP) opened at 25.15 on Monday. Superior Industries International has a one year low of $16.35 and a one year high of $32.12. The stock’s 50 day moving average is $25.73 and its 200-day moving average is $27.68. The firm has a market capitalization of $639.94 million, a PE ratio of 15.53 and a beta of 0.82.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.15. Superior Industries International had a net margin of 5.65% and a return on equity of 12.38%. The business earned $175.58 million during the quarter, compared to analysts’ expectations of $166.02 million. During the same period last year, the company posted $0.19 EPS. Superior Industries International’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that Superior Industries International will post $1.51 EPS for the current fiscal year.
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About Superior Industries International
Superior Industries International, Inc is engaged in designing and manufacturing aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. Its supplies cast aluminum wheels. The Company offers its products to the automobile and light truck manufacturers.
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