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 opened today at $20.40.
Prestopino covers the Technology sector, focusing on stocks such as Cars, CCC Intelligent Solutions Holdings, and Powerfleet. According to TipRanks, Prestopino has an average return of 25.3% and a 53.86% success rate on recommended stocks.
Currently, the analyst consensus on Stoneridge is a Moderate Buy with an average price target of $27.25.
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SRI market cap is currently $558.7M and has a P/E ratio of -27.19.
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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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