Morgan Joseph Reiterates a 'Buy' on Pep Boys - Manny, Moe & Jack (PBY); F4Q11 EPS Preview: Should Cap Off A Successful Turnaround Year

Morgan Joseph reiterates a 'Buy' on Pep Boys - Manny, Moe & Jack (NYSE: PBY), PT $16.

Morgan analyst says, "We continue to see good value in Pep Boys' stock given its FTM EV/EBITDA multiple remains well below its comparable peers' average, and in light of the company's strong projected EPS gains and solid free cash flow generation."

"Pep Boys is scheduled to report Jan-F4Q11 results on Wednesday, April 6th, after the market close - We expect EPS of $0.04 versus $0.01 last year and the Street consensus estimate of $0.05 (Hi $0.07 - $0.04). For the full year, we expect Pep Boys' EPS to expand 57% Y/Y to $0.55 from $0.35."

For more ratings news on Pep Boys - Manny, Moe & Jack click here and for the rating history of Pep Boys - Manny, Moe & Jack click here.

Shares of Pep Boys - Manny, Moe & Jack closed at $12.62 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
• William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
• Stifel on EyePoint Inc. (EYPT): 'we think these data bode well for LUCIA (expected October) barring another unusual asymmetry'