Stoneridge (SRI) Given a $50.00 Price Target at Barrington Research

Barrington Research set a $50.00 target price on Stoneridge (NYSE:SRI) in a research note published on Monday morning. The brokerage currently has a buy rating on the auto parts company’s stock.

SRI has been the topic of a number of other research reports. Buckingham Research decreased their price objective on shares of Stoneridge from $37.00 to $35.00 and set a buy rating on the stock in a report on Wednesday, October 3rd. ValuEngine raised shares of Stoneridge from a hold rating to a buy rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Stoneridge from a hold rating to a sell rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Stoneridge presently has an average rating of Hold and a consensus price target of $34.17.

NYSE:SRI traded down $0.39 during mid-day trading on Monday, reaching $24.60. 91,856 shares of the company were exchanged, compared to its average volume of 278,388. Stoneridge has a 12 month low of $20.63 and a 12 month high of $37.69. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.43. The firm has a market cap of $642.57 million, a P/E ratio of 15.67, a P/E/G ratio of 1.30 and a beta of 1.06.



Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Friday, October 26th. The auto parts company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Stoneridge had a net margin of 7.09% and a return on equity of 22.11%. The firm had revenue of $208.90 million for the quarter, compared to analyst estimates of $204.36 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Stoneridge will post 2.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pembroke Management LTD boosted its stake in shares of Stoneridge by 8.9% in the 2nd quarter. Pembroke Management LTD now owns 716,961 shares of the auto parts company’s stock valued at $25,194,000 after purchasing an additional 58,538 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Stoneridge in the 3rd quarter valued at about $5,797,000. Engineers Gate Manager LP boosted its stake in shares of Stoneridge by 71.4% in the 2nd quarter. Engineers Gate Manager LP now owns 45,382 shares of the auto parts company’s stock valued at $1,595,000 after purchasing an additional 18,910 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Stoneridge in the 2nd quarter valued at about $2,842,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Stoneridge by 47.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 111,312 shares of the auto parts company’s stock valued at $3,980,000 after purchasing an additional 35,688 shares during the last quarter. 89.74% of the stock is currently owned by institutional investors.

Stoneridge Company Profile

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

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Analyst Recommendations for Stoneridge (NYSE:SRI)

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