Stoneridge (NYSE:SRI) Earns Outperform Rating from Barrington Research

Stoneridge (NYSE:SRI)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $16.00 target price on the auto parts company’s stock. Barrington Research’s price objective would indicate a potential upside of 266.97% from the stock’s current price.

Separately, StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a report on Saturday, March 29th.

Stoneridge Stock Performance

Shares of SRI stock opened at $4.36 on Thursday. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. Stoneridge has a 52-week low of $3.54 and a 52-week high of $18.40. The business has a 50-day simple moving average of $4.54 and a 200-day simple moving average of $5.69. The stock has a market cap of $121.40 million, a PE ratio of -16.15 and a beta of 1.26.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The business had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. On average, equities analysts expect that Stoneridge will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Stoneridge

A number of large investors have recently made changes to their positions in SRI. Federated Hermes Inc. acquired a new position in Stoneridge during the fourth quarter worth $25,000. GAMMA Investing LLC boosted its position in shares of Stoneridge by 2,684.5% during the 1st quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 6,067 shares during the last quarter. US Bancorp DE grew its holdings in shares of Stoneridge by 65.2% in the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 2,679 shares during the period. Quantinno Capital Management LP acquired a new stake in Stoneridge during the fourth quarter worth about $63,000. Finally, SG Americas Securities LLC purchased a new position in Stoneridge during the fourth quarter worth about $74,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.