In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Superior Uniform Group (SGC), with a price target of $22. The company’s shares opened today at $16.84, close to its 52-week low of $15.01.
Steinke wrote:
“We are scaling back our 12-month price target to $22 (from $26), which assumes an NTM P/E multiple of 16x, in line with the stock’s three-year average multiple. With 31% upside to our revised price target, our investment rating remains OUTPERFORM. Opinion OUTPERFORM (12 mo) $22 31% LT EPS Cap (mil) $256 Enterprise Value (mil) $366 Diluted Avg.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.8% and a 45.1% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Currently, the analyst consensus on Superior Uniform Group is a Moderate Buy with an average price target of $26.
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The company has a one-year high of $26.18 and a one-year low of $15.01. Currently, Superior Uniform Group has an average volume of 14.47K.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SGC in relation to earlier this year. Most recently, in February 2019, Michael Benstock, the CEO of SGC bought 13,586 shares for a total of $99,993.
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Superior Group of Cos., Inc. engages in the manufacture and sale of uniforms, corporate identity apparel, career apparel, and accessories to medical and health fields as well as for the industrial, commercial, leisure, and public safety industries.
