Park-Ohio Holdings (PKOH) Receives a Hold from B.Riley FBR

In a report released today, Christopher Van Horn from B.Riley FBR reiterated a Hold rating on Park-Ohio Holdings (PKOH), with a price target of $40. The company’s shares opened today at $33.60.

Van Horn said:

“Park-Ohio (PKOH) reported solid 4Q18 adj. EPS and guided FY19 adj. EPS above our expectations on March 4 (after market hours), but we think that industry-level challenges among its automotive 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 should 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, Horn is a 4-star analyst with an average return of 3.6% and a 48.0% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Espey Mfg & Electronics, Hickok Incorporated, and Cooper Tire Rubber.

Currently, the analyst consensus on Park-Ohio Holdings is a Hold with an average price target of $40.

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Park-Ohio Holdings’ market cap is currently $426.3M and has a P/E ratio of 9.45. The company has a Price to Book ratio of 1.41.

Based on the recent corporate insider activity of 40 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.

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