Barrington analyst Gary Prestopino maintained a Hold rating on Stoneridge (SRI – Research Report) today and set a price target of $27.50. The company’s shares closed last Friday at $23.22.
According to TipRanks, Prestopino is a top 100 analyst with an average return of 24.3% and a 52.85% success rate. Prestopino covers the Technology sector, focusing on stocks such as Cars, Methode Electronics, and CCC Intelligent Solutions Holdings.
Stoneridge has an analyst consensus of Hold, with a price target consensus of $27.50.
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The company has a one-year high of $25.87 and a one-year low of $15.62. Currently, Stoneridge has an average volume of 92.4K.
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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.
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