Shiloh Industries, Inc. (SHLO) Given $9.75 Average Price Target by Analysts

Shiloh Industries, Inc. (NASDAQ:SHLO) has earned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price target of $9.75 for the company and are expecting that the company will post ($0.15) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Shiloh Industries an industry rank of 209 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded Shiloh Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 10th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake 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 worth $21,638,000 after purchasing an additional 40,770 shares during the period. JPMorgan Chase & Co. boosted its stake in Shiloh Industries by 2,023.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,588 shares of the basic materials company’s stock worth $700,000 after purchasing an additional 60,594 shares during the period. BlackRock Inc. boosted its stake in Shiloh Industries by 11.6% in the 2nd quarter. BlackRock Inc. now owns 930,255 shares of the basic materials company’s stock worth $8,094,000 after purchasing an additional 96,715 shares during the period. Matarin Capital Management LLC bought a new position in Shiloh Industries in the 3rd quarter worth about $354,000. Finally, Virtu Financial LLC bought a new position in Shiloh Industries in the 3rd quarter worth about $189,000. Institutional investors and hedge funds own 43.39% of the company’s stock.

NASDAQ:SHLO traded up $0.22 during trading on Monday, reaching $5.99. The company’s stock had a trading volume of 28,633 shares, compared to its average volume of 36,628. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.37 and a quick ratio of 1.07. The company has a market capitalization of $141.95 million, a PE ratio of 9.66, a price-to-earnings-growth ratio of 3.86 and a beta of 1.47. Shiloh Industries has a 12 month low of $5.50 and a 12 month high of $12.28.

Shiloh Industries (NASDAQ:SHLO) last posted its quarterly earnings results on Thursday, December 20th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.35). The firm had revenue of $300.06 million for the quarter. Shiloh Industries had a return on equity of 4.50% and a net margin of 1.01%. Sell-side analysts anticipate that Shiloh Industries will post 0.2 earnings per share for the current year.

Shiloh Industries Company Profile

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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