Stoneridge (NYSE:SRI) Upgraded at StockNews.com

Stoneridge (NYSE:SRI – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Stephens restated an “overweight” rating and set a $27.00 price target on shares of Stoneridge in a research note on Thursday, March 2nd.

Stoneridge Trading Up 2.0 %

NYSE SRI opened at $16.51 on Friday. The stock has a market cap of $454.19 million, a PE ratio of -33.02 and a beta of 1.35. Stoneridge has a 12 month low of $14.18 and a 12 month high of $25.87. The company’s 50-day moving average price is $17.53 and its 200-day moving average price is $20.80. The company has a current ratio of 2.09, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61.

Stoneridge (NYSE:SRI – Get Rating) last issued its earnings results on Wednesday, May 3rd. The auto parts company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The business had revenue of $241.30 million for the quarter, compared to analyst estimates of $224.79 million. Stoneridge had a negative net margin of 1.49% and a negative return on equity of 3.91%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted ($0.27) earnings per share. Equities research analysts forecast that Stoneridge will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new position in Stoneridge in the third quarter valued at about $32,000. Tower Research Capital LLC TRC raised its stake in shares of Stoneridge by 173.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 1,398 shares in the last quarter. US Bancorp DE lifted its position in Stoneridge by 138.3% during the first quarter. US Bancorp DE now owns 2,342 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 1,359 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Stoneridge by 54.9% in the second quarter. BNP Paribas Arbitrage SA now owns 7,494 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 2,655 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Stoneridge by 12.2% in the third quarter. SG Americas Securities LLC now owns 9,644 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 1,048 shares during the last quarter. 97.54% of the stock is owned by institutional investors.

Stoneridge Company Profile

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Stoneridge, Inc engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil.