Stoneridge's (SRI) "Outperform" Rating Reiterated at Barrington Research

Stoneridge (NYSE:SRI - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $16.00 price target on the auto parts company's stock. Barrington Research's target price points to a potential upside of 162.30% from the stock's previous close.

Separately, Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

Stoneridge Stock Down 0.2%

Stoneridge stock opened at $6.10 on Wednesday. The stock has a market cap of $169.89 million, a PE ratio of -9.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 2.39. Stoneridge has a one year low of $3.54 and a one year high of $18.40. The stock has a fifty day moving average of $4.69 and a 200 day moving average of $5.11.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The firm had revenue of $217.89 million for the quarter, compared to analysts' expectations of $212.42 million. Stoneridge had a negative net margin of 1.98% and a negative return on equity of 4.66%. As a group, sell-side analysts predict that Stoneridge will post -0.42 EPS for the current year.

Institutional Trading of Stoneridge

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in Stoneridge by 4.9% in the fourth quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock worth $304,000 after buying an additional 2,274 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Stoneridge by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company's stock worth $3,882,000 after acquiring an additional 2,543 shares during the period. US Bancorp DE boosted its stake in shares of Stoneridge by 65.2% in the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after acquiring an additional 2,679 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock worth $100,000 after acquiring an additional 3,490 shares during the period. Finally, Federated Hermes Inc. bought a new position in shares of Stoneridge in the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 98.07% of the company's stock.

About Stoneridge

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.

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