In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Stoneridge, with a price target of $16.00. The company’s shares closed yesterday at $6.79.
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According to TipRanks, Prestopino is a 5-star analyst with an average return of 10.4% and a 53.75% success rate. Prestopino covers the Consumer Cyclical sector, focusing on stocks such as Dorman Products, ACV Auctions, and OPENLANE.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stoneridge with a $12.00 average price target.
Based on Stoneridge’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $227.95 million and a GAAP net loss of $9.36 million. In comparison, last year the company earned a revenue of $237.06 million and had a net profit of $2.79 million
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