Analysts Set Superior Industries International Inc (SUP) Target Price at $23.75

Superior Industries International Inc (NYSE:SUP) has received a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.75.

A number of equities research analysts have commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Superior Industries International in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Finally, Barrington Research assumed coverage on shares of Superior Industries International in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 target price for the company.

In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price of $16.00 per share, with a total value of $32,000.00. Following the transaction, the director now directly owns 7,946 shares in the company, valued at approximately $127,136. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently modified their holdings of SUP. Schwab Charles Investment Management Inc. grew its position in shares of Superior Industries International by 32.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 204,059 shares of the auto parts company’s stock valued at $4,194,000 after acquiring an additional 49,835 shares during the period. Swiss National Bank lifted its stake in shares of Superior Industries International by 11.8% during the 2nd quarter. Swiss National Bank now owns 39,800 shares of the auto parts company’s stock valued at $818,000 after buying an additional 4,200 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Superior Industries International by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock valued at $871,000 after buying an additional 211 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Superior Industries International by 103.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the auto parts company’s stock valued at $3,428,000 after buying an additional 84,681 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after buying an additional 69 shares in the last quarter. 84.11% of the stock is owned by hedge funds and other institutional investors.

Superior Industries International (SUP) traded up $0.10 during trading hours on Wednesday, reaching $15.15. 165,133 shares of the company’s stock were exchanged, compared to its average volume of 156,869. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 2.36. Superior Industries International has a fifty-two week low of $13.95 and a fifty-two week high of $27.39. The company has a market cap of $377.35, a P/E ratio of -75.75 and a beta of 0.92.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, January 4th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s payout ratio is -180.00%.

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Superior Industries International Company Profile

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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