Motorcar Parts of America Inc. (MPAA) Receives $34.67 Average Price Target from Analysts

Shares of Motorcar Parts of America Inc. (NASDAQ:MPAA) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $34.67.

A number of research firms have recently commented on MPAA. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Roth Capital set a $26.00 target price on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, B. Riley reiterated a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a research report on Monday, February 12th.

Shares of Motorcar Parts of America traded down $0.14, reaching $21.61, during midday trading on Monday, Marketbeat Ratings reports. 162,498 shares of the company’s stock were exchanged, compared to its average volume of 139,203. The company has a market capitalization of $414.86 million, a price-to-earnings ratio of 12.57, a PEG ratio of 0.36 and a beta of 1.19. Motorcar Parts of America has a 12 month low of $18.53 and a 12 month high of $30.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74.



Motorcar Parts of America announced that its Board of Directors has initiated a share repurchase program on Friday, February 9th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Motorcar Parts of America by 93.9% during the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock worth $125,000 after purchasing an additional 2,840 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 4th quarter worth about $200,000. HBK Investments L P acquired a new stake in shares of Motorcar Parts of America during the 4th quarter worth about $240,000. A.R.T. Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 1st quarter worth about $220,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Motorcar Parts of America in the 4th quarter valued at about $277,000.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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