Superior Industries International Inc (NYSE:SUP) Receives $13.25 Consensus Price Target from Analysts

Superior Industries International Inc (NYSE:SUP) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.25.

A number of research firms recently issued reports on SUP. ValuEngine downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, March 1st. TheStreet upgraded shares of Superior Industries International from a “d+” rating to a “c-” rating in a report on Thursday, April 18th. Zacks Investment Research downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Barrington Research set a $15.00 target price on shares of Superior Industries International and gave the company a “buy” rating in a report on Tuesday, March 5th.

Shares of NYSE:SUP traded up $0.16 during trading on Friday, reaching $3.38. The stock had a trading volume of 3,167 shares, compared to its average volume of 470,014. The firm’s fifty day moving average is $4.01. The company has a current ratio of 2.04, a quick ratio of 1.15 and a debt-to-equity ratio of 1.75. The firm has a market cap of $82.88 million, a PE ratio of -67.80 and a beta of 2.14. Superior Industries International has a fifty-two week low of $3.22 and a fifty-two week high of $22.95.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Thursday, May 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $357.70 million during the quarter, compared to analyst estimates of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. Equities analysts anticipate that Superior Industries International will post -0.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 10.65%. Superior Industries International’s payout ratio is -720.00%.

In related news, Director Richard J. Giromini bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $4.37 per share, for a total transaction of $87,400.00. Following the completion of the acquisition, the director now owns 42,500 shares in the company, valued at $185,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUP. Bank of Montreal Can boosted its stake in shares of Superior Industries International by 20.3% in the first quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 2,004 shares during the period. Arizona State Retirement System boosted its stake in shares of Superior Industries International by 6.2% in the fourth quarter. Arizona State Retirement System now owns 35,447 shares of the auto parts company’s stock valued at $171,000 after purchasing an additional 2,057 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Superior Industries International by 135.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 3,040 shares during the period. First Trust Advisors LP boosted its stake in shares of Superior Industries International by 18.7% in the fourth quarter. First Trust Advisors LP now owns 41,488 shares of the auto parts company’s stock valued at $200,000 after purchasing an additional 6,528 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Superior Industries International in the fourth quarter valued at $32,000. Institutional investors own 80.22% of the company’s stock.

Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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Analyst Recommendations for Superior Industries International (NYSE:SUP)

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