Brokerages Set $1.25 Target Price for Sypris Solutions, Inc. (SYPR)

Sypris Solutions, Inc. (NASDAQ:SYPR) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus price objective of $1.25 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Sypris Solutions an industry rank of 107 out of 256 based on the ratings given to its competitors.

Separately, B. Riley initiated coverage on shares of Sypris Solutions in a research note on Thursday, December 20th. They issued a “neutral” rating on the stock.

Shares of SYPR stock opened at $0.98 on Tuesday. The firm has a market capitalization of $20.76 million, a price-to-earnings ratio of -1.81 and a beta of 0.63. Sypris Solutions has a 52 week low of $0.70 and a 52 week high of $1.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.56.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings results on Tuesday, November 13th. The auto parts company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). The company had revenue of $21.10 million during the quarter. Sypris Solutions had a negative return on equity of 38.12% and a negative net margin of 5.32%. As a group, equities analysts expect that Sypris Solutions will post -0.18 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Sypris Solutions stock. BlackRock Inc. boosted its stake in Sypris Solutions, Inc. (NASDAQ:SYPR) by 90.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,157 shares of the auto parts company’s stock after purchasing an additional 35,196 shares during the quarter. BlackRock Inc. owned about 0.35% of Sypris Solutions worth $122,000 as of its most recent SEC filing. 10.94% of the stock is currently owned by hedge funds and other institutional investors.

About Sypris Solutions

Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.

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