Zacks Investment Research upgraded shares of Shiloh Industries (NASDAQ:SHLO) from a hold rating to a buy rating in a research report report published on Saturday, Zacks.com reports. The firm currently has $6.25 target price on the basic materials company’s stock.
According to Zacks, “Shiloh Industries, Inc. is a global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets, capable of delivering solutions in aluminum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers. The company offers one of the broadest portfolio of lightweighting solutions in the industry through their BlankLight (TM), CastLight (TM) and StampLight (TM) brands. Shiloh designs and manufactures components in body, chassis and powertrain systems with expertise in precision blanks, ShilohCore (TM) acoustic laminates, aluminum and steel laser welded blanks, complex stampings, modular assemblies, aluminum and magnesium die casting, as well as precision machined components. Shiloh has operations, sales and technical centers throughout Asia, Europe and North America. “
Separately, ValuEngine downgraded Shiloh Industries from a sell rating to a strong sell rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $10.08.
Shares of NASDAQ:SHLO opened at $5.55 on Friday. Shiloh Industries has a twelve month low of $5.37 and a twelve month high of $12.28. The company has a market cap of $131.82 million, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 3.66 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 1.21.
Shiloh Industries (NASDAQ:SHLO) last announced its earnings results on Tuesday, March 12th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. Shiloh Industries had a return on equity of 2.45% and a net margin of 0.17%. The firm had revenue of $258.93 million during the quarter. On average, equities research analysts forecast that Shiloh Industries will post 0.2 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Shiloh Industries by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,967,076 shares of the basic materials company’s stock valued at $21,638,000 after acquiring an additional 40,770 shares in the last quarter. Towle & Co. raised its holdings in Shiloh Industries by 0.5% in the 4th quarter. Towle & Co. now owns 1,321,610 shares of the basic materials company’s stock valued at $7,705,000 after acquiring an additional 6,246 shares in the last quarter. BlackRock Inc. raised its holdings in Shiloh Industries by 2.0% in the 4th quarter. BlackRock Inc. now owns 953,936 shares of the basic materials company’s stock valued at $5,561,000 after acquiring an additional 18,294 shares in the last quarter. Weber Alan W raised its holdings in Shiloh Industries by 16.2% in the 4th quarter. Weber Alan W now owns 759,696 shares of the basic materials company’s stock valued at $4,429,000 after acquiring an additional 105,803 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Shiloh Industries by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 699,009 shares of the basic materials company’s stock valued at $7,689,000 after acquiring an additional 25,651 shares in the last quarter. 45.04% of the stock is owned by hedge funds and other institutional investors.
About Shiloh Industries
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.
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