B.Riley FBR analyst Christopher Van Horn reiterated a Hold rating on Park-Ohio Holdings (PKOH) today and set a price target of $40. The company’s shares closed yesterday at $35.47.
Van Horn commented:
“Park-Ohio (PKOH) reported solid 1Q19 adj. EPS while maintaining full-year guidance. Having said that, we think that real and potential industry-level challenges among its automotive and heavy duty truck customers warrant continued caution around the shares. The company has meaningful revenue diversification across multiple end markets (auto, heavy truck, A&D, and others), and that could be a benefit during FY19. American auto production environments appear challenged and industry growth expectations for these markets have receded in recent months. We remain Neutral on shares given limited upside from current levels to our price target and potential from auto production.”
According to TipRanks.com, Horn is a 3-star analyst with an average return of 2.4% and a 49.8% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Methode Electronics, and Hickok Incorporated.
Park-Ohio Holdings has an analyst consensus of Hold, with a price target consensus of $40.
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Park-Ohio Holdings’ market cap is currently $447.9M and has a P/E ratio of 8.28. The company has a Price to Book ratio of 1.50.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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Park-Ohio Holdings Corp. engages in the provision of supply chain logistics services and manufactures aluminum products. It operates through the following business segments: Supply Technologies, Assembly Components, and Engineered Products.