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SRI

Stoneridge

$26.45

0.51 (1.97%)

17:27
06/03/19
06/03
17:27
06/03/19
17:27

Stoneridge appoints Susan Benedict as Chief Human Resources Officer

Stoneridge announced Susan Benedict as its new Chief Human Resources Officer and assistant general counsel - labor and employment. Benedict joined Stoneridge in November 2017 as director of legal, with primary responsibility for global labor and employment and legal compliance matters.

  • 19

    Jun

  • 13

    Nov

SRI Stoneridge
$26.45

0.51 (1.97%)

06/20/18
BUCK
06/20/18
INITIATION
Target $37
BUCK
Buy
Stoneridge initiated with a Buy at Buckingham
Buckingham analyst Glenn Chin initiated Stoneridge with a Buy rating and a price target of $37, saying the company is "under-followed" and "often misunderstood" even as it transforms into a "fast-growing, margin-expanding entity". The analyst adds that the stock is the best performer in the automotive supplier sector, rising over 40% year-to-date, and it continues to offer "compelling value" based on its revenue and earnings growth, balance sheet strength, cash conversion and return profile. Chin further notes that the performance is sustainable, and yet the Stoneridge stock is trading at a less expensive valuation than some of its slower growing peers.
12/28/18
BUCK
12/28/18
NO CHANGE
Target $32
BUCK
Buy
DOT approval a 'significant catalyst' for Stoneridge shares, says Buckingham
Buckingham analyst Glenn Chin reiterates a Buy rating on Stoneridge (SRI) with a $32 price target after the Department of Transportation approved the company's application for commercial vehicles to operate with the MirrorEye camera monitoring system in lieu of two rear-vision mirrors as previously required by law. The approval provides an exemption for the Stoneridge MirrorEye system only, and does not apply to competing camera monitoring systems, Chin tells investors in a research note. He believes the development provides Stoneridge with a "significant" competitive advantage in the U.S. Further, the approval provides a "significant catalyst" for Stoneridge shares and further reinforces the business case for customer adoption of MirrorEye, says the analyst. Alternatively, Chin expects competitor Gentex (GNTX) to come under pressure following the decision. He has an Underperform rating on those shares. Stoneridge is up 2% to $23.45 in morning trading while Gentex is down 9c to $19.99.
04/02/19
BRRR
04/02/19
NO CHANGE
BRRR
Barrington keeps Buy rating on Stoneridge after asset sale
Barrington analyst Gary Prestopino maintained an Outperform rating and $40 price target on Stoneridge shares after the company announced the sale of assets related to its non-core switches and connectors product lines in its Control Devices business segment to Standard Motor Products for ~$40M, which is expected to impact FY19 EPS by 15c-20c and FY20 EPS by (5c)-0c. The analyst reduced his FY19 and FY20 adjusted EPS estimates to $1.50 and $1.90 from $1.70 and $2.07, respectively.

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