Zacks: Shiloh Industries, Inc. (NASDAQ:SHLO) Given Consensus Rating of “Hold” by Analysts

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

Analysts have set a 1 year consensus price target of $9.25 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Shiloh Industries an industry rank of 196 out of 256 based on the ratings given to its competitors.

Several equities analysts have commented on SHLO shares. ValuEngine raised shares of Shiloh Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Shiloh Industries from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research note on Tuesday, July 23rd.

In other news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $5.18, for a total transaction of $3,130,792.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 37.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its stake in shares of Shiloh Industries by 8.1% during the 4th quarter. California Public Employees Retirement System now owns 55,116 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 4,129 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Shiloh Industries by 18.6% during the 4th quarter. First Trust Advisors LP now owns 26,570 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,170 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Shiloh Industries by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 154,690 shares of the basic materials company’s stock worth $901,000 after purchasing an additional 6,735 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Shiloh Industries by 13.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 146,409 shares of the basic materials company’s stock valued at $713,000 after buying an additional 17,501 shares in the last quarter. Finally, BlackRock Inc. grew its stake 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 buying an additional 18,294 shares in the last quarter. Institutional investors own 44.82% of the company’s stock.

Shiloh Industries stock opened at $5.03 on Tuesday. Shiloh Industries has a 52 week low of $3.98 and a 52 week high of $12.28. The business’s 50 day moving average price is $5.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.05 and a current ratio of 1.36. The company has a market cap of $126.65 million, a PE ratio of 25.38, a P/E/G ratio of 3.65 and a beta of 1.63.

Shiloh Industries (NASDAQ:SHLO) last posted its earnings results on Monday, June 10th. The basic materials company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.23. Shiloh Industries had a negative net margin of 0.09% and a positive return on equity of 2.45%. The firm had revenue of $273.37 million for the quarter. As a group, sell-side analysts expect that Shiloh Industries will post 0.3 EPS for the current fiscal 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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