Roth Capital Sees An Attractive Buying Opportunity In Motorcar Parts of America
In a research note issued today, Roth Capital analyst Philip Shen reiterated coverage with a “Buy” rating on Motorcar Parts of America, Inc. (MPAA), and a price target of $30.00 a share following a strong FQ4 beat.
Shen noted, “Despite yesterday’s gain, MPAA’s stock is still down ~16% from recent highs. We see this as an attractive buying opportunity. The company is steadily transforming its business, which we believe will lead to greater earnings power, increased CF generation, and improved return on capital”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Philip Shen, who covers MPAA, currently has a one-year average return of -4.6% and a 36% success rate. He is ranked #2841 out of 3104 analysts.