Stoneridge, Inc. which can be found using ticker (SRI) now have 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 26 and 25 suggesting an average Analsyt target price of $25.50. Given that the stocks previous close was at $17.59 this is indicating there is a potential upside of 45.0%. Also worth taking note is the 50 day moving average now sits at $21.82 and the 200 day MA is $20.41. The total market capitalization for the company now stands at $482m. Company Website: https://www.stoneridge.com
The potential market cap would be $699m based on the market consensus.
Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers actuators, sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment offers electronic control units that regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It also offers security alarms and convenience applications, such as parking sensors and rearview cameras, audio and infotainment systems, and telematics products. The company provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.
The company is not paying dividends at this time.
