Motorcar Parts of America Receives New Coverage from Analysts at Craig Hallum (MPAA)
Craig Hallum started coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on MPAA. Analysts at Zacks upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 20th. They now have a $10.10 price target on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 8th.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $11.45.
Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 10.57 on Monday. Motorcar Parts of America has a 52 week low of $4.22 and a 52 week high of $10.69. The stock’s 50-day moving average is $9.57 and its 200-day moving average is $7.71. The company has a market cap of $152.8 million and a P/E ratio of 7.91.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Friday, August 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.07. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $49.37 million. During the same quarter in the prior year, the company posted ($0.32) earnings per share. On average, analysts predict that Motorcar Parts of America will post $1.17 earnings per share for the current fiscal year.
Motorcar Parts of America, Inc (NASDAQ:MPAA) remanufactures alternators and starters for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications.
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