Motorcar Parts of America, Inc. (MPAA) Upgraded by TheStreet to B-

Motorcar Parts of America, Inc. (NASDAQ:MPAA) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued on Monday.

MPAA has been the topic of several other research reports. BidaskClub cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Saturday, September 16th. B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research note on Monday, June 12th. Finally, Roth Capital set a $32.00 target price on Motorcar Parts of America and gave the company a “buy” rating in a research note on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.50.

Motorcar Parts of America (NASDAQ:MPAA) opened at 28.92 on Monday. The company has a market cap of $538.92 million, a price-to-earnings ratio of 14.98 and a beta of 0.98. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $31.57. The company’s 50-day moving average is $27.42 and its 200 day moving average is $28.30.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm had revenue of $95.06 million for the quarter, compared to analysts’ expectations of $93.60 million. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Equities analysts forecast that Motorcar Parts of America will post $2.36 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Agricole S A bought a new stake in Motorcar Parts of America in the 1st quarter valued at approximately $317,000. Victory Capital Management Inc. bought a new stake in Motorcar Parts of America in the 1st quarter valued at approximately $106,000. BNP Paribas Arbitrage SA raised its stake in shares of Motorcar Parts of America by 13.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 412 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Motorcar Parts of America by 46.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 1,124 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Motorcar Parts of America by 77.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 1,594 shares in the last quarter.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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