Barrington analyst Gary Prestopino maintained a Buy rating on Stoneridge (NYSE: SRI) today. The company’s shares opened today at $30.84.
Prestopino wrote:
“We are maintaining our 2018 and 2019 adjusted EPS estimates at $2.05 and $2.25, respectively. We have an OUTPERFORM rating and a $50 price target on the shares. Company Description Stoneridge, Inc. engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through the following segments: and PST. The Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle such as sensors, switches, valves, and actuators.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 12.0% and a 62.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stoneridge with a $36.67 average price target.
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Based on Stoneridge’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $15.12 million. In comparison, last year the company had a net profit of $9.02 million.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock.
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Stoneridge, Inc. engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets.
