Zacks upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a neutral rating to an outperform rating in a research note issued to investors on Thursday, AnalystRatings.NET reports. The firm currently has $18.30 price target on the stock.
Zacks has also taken action a number of other consumer goods stocks recently. The firm downgraded shares of Petrochina from an outperform rating to a neutral rating. Their analysts now have a $117.00 price target on that stock. Also, Zacks downgraded shares of Enerplus Resources Fund from an outperform rating to a neutral rating. Their analysts now have a $19.30 price target on that stock. Finally, Zacks downgraded shares of Ballantyne Strong from an outperform rating to a neutral rating. Their analysts now have a $5.40 price target on that stock.
Motorcar Parts of America (NASDAQ:MPAA) traded up 0.67% on Thursday, hitting $17.98. The stock had a trading volume of 224,230 shares. Motorcar Parts of America has a one year low of $4.78 and a one year high of $18.31. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $9.77. The company has a market cap of $260.0 million and a price-to-earnings ratio of 13.37.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.10. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $60.10 million. Analysts expect that Motorcar Parts of America will post $1.22 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital raised their price target on shares of Motorcar Parts of America from $16.00 to $25.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Analysts at Craig Hallum initiated coverage on shares of Motorcar Parts of America in a research note to investors on Monday, September 23rd. They set a buy rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $20.77.
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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