Barrington analyst Gary Prestopino maintained a Buy rating on Stoneridge today and set a price target of $16.00.
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Gary Prestopino has given his Buy rating due to a combination of factors including Stoneridge’s strong financial performance and strategic initiatives. The company reported Q2/25 sales of $228 million, surpassing both the analyst’s and consensus expectations. Adjusted EBITDA, excluding non-operating foreign exchange expenses, was also above estimates, indicating robust operational efficiency.
Additionally, Stoneridge has secured significant new program awards, particularly in its Electronics and Brazil segments, which are expected to generate substantial lifetime revenue. The company has also made strides in reducing its debt and improving its balance sheet. Furthermore, Stoneridge’s strategic review of its Control Devices division, with a potential sale on the horizon, could further enhance shareholder value by allowing the company to focus on its core strengths in advanced technologies.