Motorcar Parts of America, Inc. (NASDAQ:MPAA) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a report on Saturday, June 17th. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “sell” rating in a report on Wednesday. Finally, FBR & Co reiterated an “outperform” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.50.

Shares of Motorcar Parts of America (NASDAQ MPAA) opened at 28.92 on Monday. Motorcar Parts of America has a 52 week low of $21.75 and a 52 week high of $31.57. The firm has a market capitalization of $538.92 million, a price-to-earnings ratio of 14.98 and a beta of 0.98. The firm has a 50-day moving average of $27.42 and a 200 day moving average of $28.30.

Motorcar Parts of America (NASDAQ:MPAA) last announced 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 company had revenue of $95.06 million during the quarter, compared to the consensus estimate of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities analysts predict that Motorcar Parts of America will post $2.36 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/11/motorcar-parts-of-america-inc-mpaa-stock-rating-upgraded-by-thestreet.html.

Several hedge funds have recently added to or reduced their stakes in MPAA. FNY Partners Fund LP bought a new stake in Motorcar Parts of America during the first quarter valued at approximately $230,000. Bank of America Corp DE lifted its position in Motorcar Parts of America by 76.3% during the first quarter. Bank of America Corp DE now owns 38,389 shares of the auto parts company’s stock valued at $1,180,000 after purchasing an additional 16,610 shares during the last quarter. Prudential Financial Inc. lifted its position in Motorcar Parts of America by 51.8% during the first quarter. Prudential Financial Inc. now owns 48,722 shares of the auto parts company’s stock valued at $1,497,000 after purchasing an additional 16,632 shares during the last quarter. Engine Capital Management LLC lifted its position in Motorcar Parts of America by 2,676.5% during the first quarter. Engine Capital Management LLC now owns 101,010 shares of the auto parts company’s stock valued at $3,104,000 after purchasing an additional 97,372 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in Motorcar Parts of America during the second quarter valued at approximately $221,000.

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.

Receive News & Stock Ratings for Motorcar Parts of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America Inc. and related stocks with our FREE daily email newsletter.