Superior Industries International (NYSE:SUP) was upgraded by equities researchers at Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat reports. The firm currently has a $12.00 target price on the auto parts company’s stock, down from their previous target price of $19.00. Buckingham Research’s target price indicates a potential upside of 44.58% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. ValuEngine lowered Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. B. Riley dropped their price target on Superior Industries International from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Barrington Research reissued a “buy” rating and set a $27.00 price target on shares of Superior Industries International in a research report on Monday, August 6th. Finally, Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Superior Industries International presently has a consensus rating of “Hold” and an average price target of $15.20.

Shares of SUP opened at $8.30 on Wednesday. Superior Industries International has a 52-week low of $6.91 and a 52-week high of $22.95. The company has a market capitalization of $177.39 million, a price-to-earnings ratio of 7.55 and a beta of 1.83. The company has a current ratio of 2.19, a quick ratio of 1.31 and a debt-to-equity ratio of 1.71.

Superior Industries International (NYSE:SUP) last announced its earnings results on Friday, November 9th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.06. The company had revenue of $347.60 million for the quarter, compared to analyst estimates of $346.65 million. Superior Industries International had a return on equity of 9.82% and a net margin of 0.88%. Superior Industries International’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) EPS. Sell-side analysts expect that Superior Industries International will post 0.1 earnings per share for the current fiscal year.

In other news, CFO Matti Masanovich purchased 20,950 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $7.57 per share, with a total value of $158,591.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Strauss Mcelya purchased 33,784 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $8.53 per share, for a total transaction of $288,177.52. Following the completion of the transaction, the director now owns 58,546 shares in the company, valued at approximately $499,397.38. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 63,934 shares of company stock worth $519,133. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Superior Industries International by 1.7% during the 3rd quarter. BlackRock Inc. now owns 3,430,438 shares of the auto parts company’s stock worth $58,488,000 after buying an additional 55,695 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Superior Industries International by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,106,695 shares of the auto parts company’s stock worth $35,919,000 after buying an additional 21,881 shares during the last quarter. Bank of America Corp DE grew its stake in Superior Industries International by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 738,138 shares of the auto parts company’s stock worth $13,212,000 after buying an additional 42,613 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Superior Industries International by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 381,490 shares of the auto parts company’s stock worth $6,505,000 after buying an additional 11,904 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Superior Industries International by 8.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 377,836 shares of the auto parts company’s stock worth $6,764,000 after buying an additional 30,316 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.

About Superior Industries International

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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