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Superior Industries (SUP)

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Superior Industries International (SUP) has a wide customer base. Moreover, its long-term business agreements with clients helped the company maintain financial stability.

With its strategic acquisition, divestment and relocation, the company is well positioned to take full advantage of the globally expanding automotive industry. In addition, Superior has no long-term debt obligations. Its third-quarter results were strong with earnings outperforming the Zacks Consensus Estimate by $0.02 per share.

Given these conditions, we have recommended shares of the company as Outperform with a set a target price of $23. It also carries a short-term Zacks #2 Rank (Buy).

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