Barrington analyst Gary Prestopino maintained a Buy rating on Superior Industries International (NYSE: SUP) today and set a price target of $27. The company’s shares closed yesterday at $22.30, close to its 52-week high of $22.95.
Prestopino noted:
“We raised our adjusted EBITDA estimates for 2018 and 2019 to $195.5 and $216.5 million from $192 and $212 million, respectively. We have an OUTPERFORM investment rating on the shares with a $27 price target. International, Inc.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 17.4% and a 66.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
Currently, the analyst consensus on Superior Industries International is a Moderate Buy with an average price target of $30.
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Based on Superior Industries International’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.62 million. In comparison, last year the company had a GAAP net loss of $7.27 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Parveen Kakar, the SVP of SUP sold 4,500 shares for a total of $87,255.
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Superior Industries International, Inc. engages in the design and manufacture of aluminum road wheels for passenger cars and light-duty vehicles. It offers its products to original equipment manufacturers for the automotive industry. The firm supplies cast aluminum wheels with wheel manufacturing operations in the United States and Mexico.
