Shiloh Industries, Inc. (SHLO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Shiloh Industries, Inc. (NASDAQ:SHLO) have received an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating and one has issued a strong buy rating on the company.

Analysts have set a 12 month consensus price target of $9.25 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Shiloh Industries an industry rank of 222 out of 256 based on the ratings given to its competitors.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Shiloh Industries from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research note on Tuesday, March 12th. ValuEngine cut Shiloh Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 11th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHLO. Brandywine Global Investment Management LLC lifted its stake in Shiloh Industries by 33.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,510 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 3,170 shares during the last quarter. Next Capital Management LLC bought a new position in Shiloh Industries in the 4th quarter valued at about $117,000. Rhumbline Advisers lifted its position in Shiloh Industries by 46.0% in the 4th quarter. Rhumbline Advisers now owns 20,385 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 6,426 shares in the last quarter. First Trust Advisors LP lifted its position in Shiloh Industries by 18.6% in the 4th quarter. First Trust Advisors LP now owns 26,570 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 4,170 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its position in Shiloh Industries by 255.8% in the 4th quarter. Alambic Investment Management L.P. now owns 37,163 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 26,717 shares in the last quarter. Hedge funds and other institutional investors own 45.04% of the company’s stock.

Shares of SHLO stock opened at $5.96 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $142.02 million, a P/E ratio of 9.61, a P/E/G ratio of 3.76 and a beta of 1.31. Shiloh Industries has a 1 year low of $5.37 and a 1 year high of $12.28.

Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Tuesday, March 12th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.12. The business had revenue of $258.93 million during the quarter. Shiloh Industries had a return on equity of 2.45% and a net margin of 0.17%. As a group, analysts predict that Shiloh Industries will post 0.2 earnings per share for the current year.

About Shiloh Industries

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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