Shiloh Industries, Inc. (SHLO) Given $9.25 Consensus Target Price by Brokerages

Shiloh Industries, Inc. (NASDAQ:SHLO) has received an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 1 year consensus price objective of $9.25 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Shiloh Industries an industry rank of 209 out of 256 based on the ratings given to its competitors.

Several equities research analysts recently weighed in on SHLO shares. Zacks Investment Research raised Shiloh Industries from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Saturday, April 13th. ValuEngine lowered Shiloh Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th.

Hedge funds have recently bought and sold shares of the company. Brandywine Global Investment Management LLC boosted its stake in Shiloh Industries by 33.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,510 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 3,170 shares during the last quarter. Zebra Capital Management LLC boosted its stake in shares of Shiloh Industries by 30.4% in the 1st quarter. Zebra Capital Management LLC now owns 19,412 shares of the basic materials company’s stock worth $107,000 after buying an additional 4,530 shares during the last quarter. Next Capital Management LLC purchased a new position in shares of Shiloh Industries in the 4th quarter worth approximately $117,000. Rhumbline Advisers boosted its stake in shares of Shiloh Industries by 46.0% in the 4th quarter. Rhumbline Advisers now owns 20,385 shares of the basic materials company’s stock worth $119,000 after buying an additional 6,426 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of 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 worth $155,000 after buying an additional 4,170 shares during the last quarter. 44.96% of the stock is owned by hedge funds and other institutional investors.

Shares of SHLO stock traded up $0.01 during trading hours on Friday, reaching $4.05. The company’s stock had a trading volume of 2,020 shares, compared to its average volume of 48,793. The company has a market cap of $95.79 million, a PE ratio of 6.53, a P/E/G ratio of 2.82 and a beta of 1.31. Shiloh Industries has a fifty-two week low of $4.01 and a fifty-two week high of $12.28. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.97 and a current ratio of 1.31.

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