Sypris Solutions Inc. (SYPR) Raised at Needham

In a report published Wednesday, Needham Capital Partners analysts upgraded their rating on Sypris Solutions Inc. (SYPR) shares from ‘Hold’ to ‘Buy’ and set a price target of $6.00 per share. In the report, Needham noted that SYPR’s electronics business, a segment which has affected the co.’s EPS negatively in the past, is showing signs of improvement in the Aerospace & Defense market. Needham believes these improvements should continue in the second half of fiscal 2015.

Sypris closed at $3.91 at the end of Tuesday’s trading session, printing a solid one-year return of about 19% and year-to-date return of around 27.78%. Ticker currently trades at a forward P/E of 9.91 and a P/E to growth ratio of 1.75. Price/Sales for the t-12 period is at 0.24 while EPS is negative at ($0.10). Needham’s target price suggests a potential upside of 53.45% from the company’s premarket trading price.

Other valuation measures show Sypris’ trailing-12 profit margin currently standing at (-0.56%) while operating ones are at (-0.34%). The $76 million market cap company reported $19.07 million in cash vs. $23.00 million in debt in its most recent quarter. SYPR has a 52 week low of $2.52 and a 52 week high of $6.50. The stock’s 50-day moving average is $5.22 and its 200-day moving average is $3.88.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

The equity is up 4.35% in early trading, widening its monthly decline to 27.03%.

Sypris Solutions, Inc. provides outsourced services and specialty products primarily in the U.S., Mexico, Denmark, and the United Kingdom. The company was founded in 1954 and is headquartered in Louisville, Kentucky.

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