Superior Industries International
) has a wide customer base. Its long-term business agreements with
clients have helped maintain financial stability. The company is
well positioned to take full advantage of the globally expanding
automotive industry, given its competent management, strategic
acquisitions, divestments and production efficiencies.
The company's EPS surpassed the Zacks Consensus Estimate by $0.06
per share in the first quarter of 2012. Therefore, considering all
these factors, we continue with our Outperform recommendation on
the shares of Superior Industries and set a target price of $20.00.
The current P/E, which is in the lowest quartile of the company's
historical range, is at a 21% premium to the peer group for 2012.
Our $20.00 target price, 18.2x our 2012 EPS estimate, reflects our
SUPERIOR INDS (SUP): Free Stock Analysis Report
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