Superior Industries International (NYSE:SUP) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Superior Industries International (NYSE:SUP) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

SUP has been the topic of several other reports. BWS Financial set a $6.00 price target on shares of Superior Industries International and gave the company a hold rating in a report on Tuesday, September 24th. Zacks Investment Research lowered shares of Superior Industries International from a hold rating to a sell rating and set a $3.25 price target on the stock. in a report on Monday, October 14th. Barrington Research reaffirmed an outperform rating and set a $7.00 price target (down from $15.00) on shares of Superior Industries International in a report on Monday, August 12th. Finally, B. Riley set a $7.00 price target on shares of Superior Industries International and gave the company a buy rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Superior Industries International currently has a consensus rating of Hold and an average target price of $7.05.

Shares of NYSE:SUP traded up $0.19 during midday trading on Tuesday, hitting $3.46. The stock had a trading volume of 138,200 shares, compared to its average volume of 436,868. The company’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.37. The company has a market capitalization of $81.68 million, a P/E ratio of -69.20 and a beta of 1.86. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 1.82. Superior Industries International has a fifty-two week low of $2.26 and a fifty-two week high of $9.99.

Superior Industries International (NYSE:SUP) last issued its earnings results on Monday, November 4th. The auto parts company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.14. The company had revenue of $352.00 million during the quarter, compared to analysts’ expectations of $336.93 million. Superior Industries International had a net margin of 0.74% and a return on equity of 0.94%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.37) EPS. Research analysts expect that Superior Industries International will post -0.6 EPS for the current fiscal year.

In other news, Director Ellen B. Richstone acquired 18,000 shares of Superior Industries International stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $2.85 per share, with a total value of $51,300.00. Following the purchase, the director now owns 39,132 shares in the company, valued at approximately $111,526.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Superior Industries International by 12.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 718,145 shares of the auto parts company’s stock valued at $2,485,000 after purchasing an additional 79,017 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Superior Industries International by 29.2% in the 2nd quarter. Invesco Ltd. now owns 695,812 shares of the auto parts company’s stock valued at $2,408,000 after purchasing an additional 157,374 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Superior Industries International by 3,761.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 532,476 shares of the auto parts company’s stock valued at $1,799,000 after purchasing an additional 518,686 shares during the last quarter. Morgan Stanley boosted its stake in shares of Superior Industries International by 13.0% in the 2nd quarter. Morgan Stanley now owns 240,739 shares of the auto parts company’s stock valued at $833,000 after purchasing an additional 27,788 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Superior Industries International by 801.3% in the 2nd quarter. Paloma Partners Management Co now owns 211,778 shares of the auto parts company’s stock valued at $733,000 after purchasing an additional 188,280 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors.

About Superior Industries International

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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