Barrington Thinks Superior Industries International’s Stock is Going to Recover


In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Superior Industries International (NYSE: SUP), with a price target of $27. The company’s shares closed on Friday at $13, close to its 52-week low of $12.70.

Prestopino wrote:

“We are estimating sales and adjusted EBITDA for Q1/18 of $359 million and $40.6 million, respectively. Consensus expectations call for sales of $352 million and adjusted EBITDA of $44 million.”

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 1.0% and a 43.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Superior Industries International has an analyst consensus of Moderate Buy, with a price target consensus of $26.

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Based on Superior Industries International’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.6 million. In comparison, last year the company had a net profit of $3.1 million.

Based on the recent corporate insider activity of 52 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 SUP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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