In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Stoneridge (SRI – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $21.10.
Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Cars, and PowerFleet. According to TipRanks, Prestopino has an average return of 31.5% and a 56.27% success rate on recommended stocks.
Currently, the analyst consensus on Stoneridge is a Hold with an average price target of $25.00.
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SRI market cap is currently $576.6M and has a P/E ratio of -18.20.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRI in relation to earlier this year.
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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. The Control Devices segment designs and manufactures products that monitor, measure, and activate specific functions within a vehicle such as sensors, switches, valves, and actuators. The Electronics segment offers driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. The Stoneridge Brazil segment sells vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, and telematics solutions. The company was founded by D. M. Draime in 1965 and is headquartered in Novi, MI.
