Blurbs

Stoneridge (SRI) Receives a Rating Update from a Top Analyst

Barrington analyst Gary Prestopino maintained a Buy rating on Stoneridge (SRIResearch Report) today and set a price target of $45.00. The company’s shares closed last Tuesday at $26.55.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 43.8% and a 58.0% success rate. Prestopino covers the Technology sector, focusing on stocks such as Bottomline Technologies, Wheels Up Experience, and Cantaloupe.

Currently, the analyst consensus on Stoneridge is a Moderate Buy with an average price target of $45.00.

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Stoneridge’s market cap is currently $709.8M and has a P/E ratio of -64.60. The company has a Price to Book ratio of 3.75.

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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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