Brokerages Set Superior Industries International Inc (SUP) PT at $13.25

Superior Industries International Inc (NYSE:SUP) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.25.

Several research firms recently issued reports on SUP. Zacks Investment Research cut Superior Industries International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Barrington Research set a $15.00 target price on Superior Industries International and gave the stock a “buy” rating in a research report on Tuesday, March 5th. ValuEngine cut Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Seaport Global Securities began coverage on Superior Industries International in a research report on Wednesday, February 13th. They set a “neutral” rating for the company. Finally, BWS Financial reiterated a “hold” rating and set a $6.00 target price (down previously from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th.

Shares of SUP opened at $5.04 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.08 and a quick ratio of 1.09. The stock has a market capitalization of $126.10 million, a price-to-earnings ratio of -100.80 and a beta of 2.06. Superior Industries International has a 52 week low of $4.36 and a 52 week high of $22.95.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, March 7th. The auto parts company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. The business had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $372.88 million. Superior Industries International had a return on equity of 3.46% and a net margin of 1.72%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.50) earnings per share. As a group, research analysts anticipate that Superior Industries International will post -0.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Wednesday, April 3rd. Superior Industries International’s dividend payout ratio is currently -720.00%.

Several large investors have recently added to or reduced their stakes in SUP. Bank of Montreal Can grew its position in shares of Superior Industries International by 753.9% during the third quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock worth $157,000 after purchasing an additional 8,142 shares in the last quarter. First Trust Advisors LP grew its holdings in Superior Industries International by 32.7% during the 3rd quarter. First Trust Advisors LP now owns 34,960 shares of the auto parts company’s stock valued at $596,000 after buying an additional 8,605 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Superior Industries International by 85.1% during the 3rd quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock valued at $2,871,000 after buying an additional 77,415 shares in the last quarter. Prudential Financial Inc. grew its holdings in Superior Industries International by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 259,336 shares of the auto parts company’s stock valued at $4,422,000 after buying an additional 93,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Superior Industries International by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 381,490 shares of the auto parts company’s stock valued at $6,505,000 after buying an additional 11,904 shares in the last quarter. Hedge funds and other institutional investors own 84.12% 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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