Superior Industries International Inc (SUP) Given Consensus Rating of “Hold” by Brokerages

Superior Industries International Inc (NYSE:SUP) has been given an average rating of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.25.

SUP has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Seaport Global Securities initiated coverage on shares of Superior Industries International in a research note on Wednesday, February 13th. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. BWS Financial restated a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a research note on Friday, February 8th. Finally, Barrington Research set a $15.00 price objective on shares of Superior Industries International and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Superior Industries International during the third quarter worth $389,000. Chartwell Investment Partners LLC boosted its stake in Superior Industries International by 17.8% during the fourth quarter. Chartwell Investment Partners LLC now owns 1,116,383 shares of the auto parts company’s stock worth $5,370,000 after buying an additional 168,433 shares in the last quarter. Morgan Stanley boosted its stake in Superior Industries International by 29.7% during the third quarter. Morgan Stanley now owns 273,644 shares of the auto parts company’s stock worth $4,666,000 after buying an additional 62,717 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Superior Industries International by 12.7% during the third quarter. TIAA CREF Investment Management LLC now owns 64,154 shares of the auto parts company’s stock worth $1,094,000 after buying an additional 7,215 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Superior Industries International by 6.0% during the third quarter. Legal & General Group Plc now owns 49,205 shares of the auto parts company’s stock worth $839,000 after buying an additional 2,768 shares in the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Shares of NYSE:SUP traded up $0.07 during trading on Friday, reaching $4.92. The stock had a trading volume of 3,322 shares, compared to its average volume of 421,421. Superior Industries International has a 52 week low of $4.28 and a 52 week high of $22.95. The firm has a market cap of $121.34 million, a price-to-earnings ratio of -98.20 and a beta of 2.02. The company has a quick ratio of 1.09, a current ratio of 2.08 and a debt-to-equity ratio of 1.71.

Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, March 7th. The auto parts company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.04. Superior Industries International had a net margin of 1.72% and a return on equity of 3.46%. The company had revenue of $378.80 million for the quarter, compared to analyst estimates of $372.88 million. During the same quarter last year, the firm posted ($0.50) earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Superior Industries International will post -0.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 7.32%. Superior Industries International’s dividend payout ratio is currently -720.00%.

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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