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Pep Boys-Manny Moe & Jack (NYSE:PBY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Monday, reports. They currently have a $11.40 price target on the stock. Zacks‘ price target would indicate a potential downside of 5.08% from the company’s current price.

Shares of Pep Boys-Manny Moe & Jack (NYSE:PBY) traded up 3.98% on Monday, hitting $12.01. 351,469 shares of the company’s stock traded hands. Pep Boys-Manny Moe & Jack has a 52 week low of $10.21 and a 52 week high of $14.07. The stock has a 50-day moving average of $12.38 and a 200-day moving average of $12.43. The company’s market cap is $638.7 million.

Pep Boys-Manny Moe & Jack (NYSE:PBY) last released its earnings data on Monday, December 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.12. The company had revenue of $507.00 million for the quarter, compared to the consensus estimate of $521.74 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Pep Boys-Manny Moe & Jack will post $0.52 earnings per share for the current fiscal year.

The Pep Boys-Manny, Moe & Jack is offering automotive service, tires, parts and accessories. The Company’s majority of its stores are in a Supercenter format (NYSE:PBY), which serves both do-it-for-me (DIFM), which includes service labor, installed merchandise and tires and do-it-yourself (DIY), customers with the service and merchandise offering.

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