Stoneridge (SRI) Receives a Hold from Barrington

By Austin Angelo

Barrington analyst Gary Prestopino maintained a Hold rating on Stoneridge (SRIResearch Report) today. The company’s shares closed last Wednesday at $21.39, close to its 52-week low of $13.87.

According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 10.5% and a 47.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.

Currently, the analyst consensus on Stoneridge is a Moderate Buy with an average price target of $20.00.

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Stoneridge’s market cap is currently $569.2M and has a P/E ratio of 10.70. The company has a Price to Book ratio of 3.10.

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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.