Barrington Maintains a Hold Rating on Stoneridge (SRI)

By Austin Angelo

Barrington analyst Gary Prestopino maintained a Hold rating on Stoneridge (SRIResearch Report) today. The company’s shares closed last Friday at $20.64.

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 5.4% and a 46.2% success rate. Prestopino covers the Technology sector, focusing on stocks such as Bottomline Technologies, PowerFleet, and Cars.

Stoneridge has an analyst consensus of Moderate Buy, with a price target consensus of $20.00.

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Stoneridge’s market cap is currently $592.2M and has a P/E ratio of 11.30. The company has a Price to Book ratio of 3.28.

Based on the recent corporate insider activity of 20 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.