Superior Industries International, Inc. (NYSE:SUP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
SUP has been the subject of several other research reports. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. FBR & Co reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Superior Industries International in a report on Tuesday, July 18th. ValuEngine downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet downgraded shares of Superior Industries International from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. Finally, B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Superior Industries International in a report on Sunday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.
Shares of Superior Industries International (NYSE:SUP) traded down 0.49% during mid-day trading on Friday, hitting $20.45. 63,247 shares of the company traded hands. The firm has a 50-day moving average price of $19.90 and a 200 day moving average price of $22.16. Superior Industries International has a 52-week low of $18.58 and a 52-week high of $30.72. The firm has a market cap of $509.35 million, a price-to-earnings ratio of 17.30 and a beta of 0.68.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Wednesday, April 26th. The auto parts company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.06. The company had revenue of $174.20 million during the quarter, compared to analyst estimates of $175.34 million. Superior Industries International had a return on equity of 10.26% and a net margin of 4.17%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. Equities research analysts anticipate that Superior Industries International will post $1.83 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Superior Industries International during the fourth quarter worth $6,228,000. Shufro Rose & Co. LLC increased its stake in shares of Superior Industries International by 0.4% in the first quarter. Shufro Rose & Co. LLC now owns 128,051 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 511 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of Superior Industries International during the first quarter worth $554,000. Thrivent Financial for Lutherans increased its stake in shares of Superior Industries International by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,380 shares of the auto parts company’s stock worth $326,000 after buying an additional 670 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Superior Industries International by 715.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,559 shares of the auto parts company’s stock worth $116,000 after buying an additional 4,000 shares during the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.
About Superior Industries International
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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