Superior Industries International, Inc. (SUP) Rating Reiterated by B. Riley

Superior Industries International, Inc. (NYSE:SUP)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research note issued to investors on Monday. They currently have a $25.00 price target on the auto parts company’s stock. B. Riley’s target price suggests a potential upside of 67.79% from the stock’s previous close. B. Riley also issued estimates for Superior Industries International’s Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.54 EPS and FY2018 earnings at $1.76 EPS.

SUP has been the topic of several other reports. FBR & Co reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Superior Industries International in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. BidaskClub raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Buckingham Research lowered their price target on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.67.

Superior Industries International (NYSE:SUP) opened at $14.90 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.36 and a quick ratio of 1.85. Superior Industries International has a 12-month low of $13.95 and a 12-month high of $27.45. The stock has a market capitalization of $369.88, a price-to-earnings ratio of 15.31 and a beta of 0.74.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.58). Superior Industries International had a net margin of 0.66% and a return on equity of 8.63%. The business had revenue of $331.40 million during the quarter, compared to analysts’ expectations of $316.20 million. During the same period in the previous year, the company posted $0.23 earnings per share. Superior Industries International’s revenue for the quarter was up 88.7% compared to the same quarter last year. research analysts predict that Superior Industries International will post 1.13 earnings per share for the current year.

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In other news, Director James Strauss Mcelya bought 13,084 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $14.19 per share, with a total value of $185,661.96. Following the purchase, the director now directly owns 27,376 shares in the company, valued at approximately $388,465.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Shawn Pallagi bought 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the purchase, the senior vice president now owns 10,952 shares in the company, valued at $160,337.28. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 40,506 shares of company stock worth $580,500. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in shares of Superior Industries International by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock worth $871,000 after acquiring an additional 211 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Superior Industries International by 15.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 242,172 shares of the auto parts company’s stock worth $4,976,000 after acquiring an additional 32,655 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Superior Industries International during the 1st quarter worth about $239,000. QS Investors LLC boosted its stake in shares of Superior Industries International by 15.5% during the 2nd quarter. QS Investors LLC now owns 65,272 shares of the auto parts company’s stock worth $1,341,000 after acquiring an additional 8,736 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in shares of Superior Industries International by 128.6% during the 2nd quarter. Marshall Wace North America L.P. now owns 143,256 shares of the auto parts company’s stock worth $3,008,000 after acquiring an additional 80,583 shares in the last quarter. 81.46% of the stock is currently owned by institutional investors and hedge funds.

Superior Industries International Company Profile

Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.

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