With its strategic acquisition, divestment and relocation, the company is well positioned to take full advantage of the globally expanding automotive industry. In addition, Superior has no long-term debt obligations. Its third-quarter results were strong with earnings outperforming the Zacks Consensus Estimate by $0.02 per share.
Given these conditions, we have recommended shares of the company as Outperform with a set a target price of $23. It also carries a short-term Zacks #2 Rank (Buy).
SUPERIOR INDS (SUP): Free Stock Analysis Report
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.