Superior Industries International (NYSE:SUP) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

A number of other research analysts also recently commented on SUP. Zacks Investment Research downgraded shares of Superior Industries International from a hold rating to a sell rating and set a $3.00 target price on the stock. in a research report on Tuesday, August 13th. Barrington Research reaffirmed an outperform rating and issued a $7.00 target price (down from $15.00) on shares of Superior Industries International in a research report on Monday, August 12th. B. Riley set a $7.00 target price on shares of Superior Industries International and gave the company a buy rating in a research report on Wednesday, September 4th. Finally, TheStreet downgraded shares of Superior Industries International from a c- rating to a d+ rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $7.00.

Shares of NYSE SUP traded down $0.10 during mid-day trading on Thursday, reaching $3.53. The company had a trading volume of 103,599 shares, compared to its average volume of 342,136. The company has a current ratio of 1.90, a quick ratio of 1.02 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $2.65 and a two-hundred day simple moving average of $4.09. The stock has a market cap of $79.66 million, a P/E ratio of -69.60 and a beta of 1.91. Superior Industries International has a 52-week low of $2.26 and a 52-week high of $18.84.

Superior Industries International (NYSE:SUP) last posted its earnings results on Thursday, August 8th. The auto parts company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. The firm had revenue of $325.50 million for the quarter, compared to the consensus estimate of $361.86 million. Superior Industries International had a net margin of 1.15% and a negative return on equity of 0.23%. The company’s revenue was down 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts expect that Superior Industries International will post -0.55 EPS for the current year.

In other Superior Industries International news, Director Ellen B. Richstone acquired 18,000 shares of the stock in a transaction on 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 transaction, the director now owns 39,132 shares of the company’s stock, valued at approximately $111,526.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of Superior Industries International in the 2nd quarter worth $75,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Superior Industries International in the 2nd quarter worth $194,000. KBC Group NV acquired a new stake in shares of Superior Industries International in the 2nd quarter worth $78,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Superior Industries International in the 2nd quarter worth $55,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Superior Industries International in the 1st quarter worth $66,000. 71.71% of the stock is currently owned by institutional investors.

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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