We See An Attractive Risk/Reward In MPAA Shares, Says Roth Capital Analyst
In a research note issued this morning, Roth Capital maintained coverage with a “Buy” rating on Motorcar Parts of America, Inc. (MPAA) and a price target of $30.00 a share.
MPAA has had success in its new wheel hub business, and Roth Capital analyst Philip Shen is looking for some potential new wins. Additionally, he will be looking for an update on new product lines that could be launched in the near term. Moreover, the acquisition of CarQuest by AAP may result in some share opportunities.
“With the stock down 16% from recent highs, we see an attractive risk/ reward in MPAA shares”, says Shen.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, Philip Shen, who covers MPAA, currently has a one-year average return of 2.3% and a 45% success rate.