Zacks: Analysts Set $10.00 Price Target for Shiloh Industries, Inc. (SHLO)

Shares of Shiloh Industries, Inc. (NASDAQ:SHLO) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $10.00 for the company and are predicting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Shiloh Industries an industry rank of 117 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Shiloh Industries from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Zacks Investment Research raised shares of Shiloh Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th.



Shares of NASDAQ:SHLO traded down $0.13 during midday trading on Thursday, hitting $8.40. The stock had a trading volume of 14,900 shares, compared to its average volume of 105,896. The stock has a market capitalization of $205.07 million, a PE ratio of 16.17 and a beta of 1.66. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28. Shiloh Industries has a fifty-two week low of $6.45 and a fifty-two week high of $10.98.

Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Wednesday, June 6th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $297.34 million for the quarter. Shiloh Industries had a net margin of 0.56% and a return on equity of 6.94%. research analysts predict that Shiloh Industries will post 0.7 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP grew its holdings in shares of Shiloh Industries by 47.8% during the 4th quarter. Two Sigma Advisers LP now owns 23,800 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 7,700 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Shiloh Industries by 46.9% during the 4th quarter. Teachers Advisors LLC now owns 27,653 shares of the basic materials company’s stock valued at $227,000 after purchasing an additional 8,833 shares during the last quarter. Weber Alan W grew its holdings in shares of Shiloh Industries by 1.7% during the 2nd quarter. Weber Alan W now owns 596,679 shares of the basic materials company’s stock valued at $5,191,000 after purchasing an additional 10,000 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Shiloh Industries during the 1st quarter valued at approximately $104,000. Finally, Deutsche Bank AG grew its holdings in shares of Shiloh Industries by 20.5% during the 4th quarter. Deutsche Bank AG now owns 74,971 shares of the basic materials company’s stock valued at $614,000 after purchasing an additional 12,742 shares during the last quarter. 43.57% of the stock is currently owned by institutional investors.

Shiloh Industries Company Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.

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