Superior Industries International (SUP) Receives a Buy from Barrington
Barrington analyst Gary Prestopino maintained a Buy rating on Superior Industries International (SUP) today and set a price target of $12.50. The company’s shares closed last Friday at $5.02.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 40.9% and a 60.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.
Superior Industries International has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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Based on Superior Industries International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $338 million and GAAP net loss of $21.41 million. In comparison, last year the company earned revenue of $310 million and had a GAAP net loss of $99.05 million.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SUP in relation to earlier this year.
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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. The company also markets aluminum suspension and related underbody components. Superior Industries International was founded by Louis L. Borick in 1957 and is headquartered in Southfield, MI.
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