In a report issued on January 3, Justin Long from Stephens reiterated a Buy rating on Stoneridge (SRI), with a price target of $31. The company’s shares closed on Friday at $25.63.
According to TipRanks.com, Long is ranked 0 out of 5 stars with an average return of -8.1% and a 30.6% success rate. Long covers the Services sector, focusing on stocks such as Kansas City Southern, Union Pacific Corp, and Genesee & Wyoming.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stoneridge with a $33.75 average price target, which is a 31.7% upside from current levels. In a report issued on December 28, Buckingham also reiterated a Buy rating on the stock with a $32 price target.
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Based on Stoneridge’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $13.29 million. In comparison, last year the company had a net profit of $18.91 million.
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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.
