Zacks: Stoneridge, Inc. (NYSE:SRI) Given $15.50 Consensus Price Target by Analysts

Stoneridge, Inc. (NYSE:SRI) has been given an average broker rating score of 2.00 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company.

Brokerages have set a 1-year consensus price objective of $15.50 for the company and are forecasting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned Stoneridge an industry rank of 26 out of 265 based on the ratings given to related companies.

Shares of Stoneridge (NYSE:SRI) opened at 14.80 on Monday. Stoneridge has a 12-month low of $10.18 and a 12-month high of $15.74. The company’s market capitalization is $413.08 million. The firm’s 50-day moving average price is $14.14 and its 200-day moving average price is $12.63.

Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. During the same period last year, the firm earned $0.16 earnings per share. The company had revenue of $162.10 million for the quarter, compared to analysts’ expectations of $170.04 million. Stoneridge’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, analysts expect that Stoneridge will post $0.88 EPS for the current fiscal year.

Several research firms have recently issued reports on SRI. B. Riley lowered shares of Stoneridge from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Monday. Stephens lowered shares of Stoneridge from an “overweight” rating to an “equal weight” rating in a research note on Monday. Zacks Investment Research lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Monday, November 30th. Finally, BB&T Corp. increased their target price on shares of Stoneridge to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, December 8th.

12 Month Chart for NYSE:SRI

Stoneridge, Inc. is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates in three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure, or activate specific functions within a vehicle. The Company’s Electronics segment designs and manufactures electronic instrument clusters, electronic control units, and driver information systems. The Company’s PST segment is engaged in the design, manufacture and sale of electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services, and in-vehicle audio and video devices. The Company’s operations, including its joint ventures, cover more than 25 locations in 12 countries.

Get a free copy of the Zacks research report on Stoneridge (SRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe