Boston, MA 04/04/2014 (wallstreetpr) – Remy International Inc (NASDAQ:REMY) is a provider of vehicular parts. This stock is coming across as one of the most intriguing choices in its industry. The company’s industry is ranked in the top three out of more than 250 industries.
The excitement in the vehicle parts business is one reason this stock is worth considering for value seekers. Also, the fact that analysts have become more optimistic about the stock is yet another reason why it deserves attention. However, these are better explained.
Bullish industry
The auto parts sectors is witnessing a tide that will no doubt lift Remy International Inc (NASDAQ:REMY) and many other stocks in the category. The anticipated growth in new and used vehicles this year is seen as opportunity for auto parts manufacturers and marketers to realize higher sales. On this basis, Remy which is already thriving in the business of auto parts design, manufacture and sale will be there to benefit from the opportunities which show up in the industry.
Company strength
Away from the broad industry trend, Remy International Inc (NASDAQ:REMY) comes across as company that is well-positioned for growth. The company boats a respectable management team, disciplined costs control measures and wide business network. No wonder analysts are increasingly getting bullish on the stock, that in the past 30 days, earnings estimates have greatly improved. Earnings estimate for the current quarter now stand at consensus 43 cents, up from 39 cents per share in the 30 days. Earnings estimates for the current fiscal year have also improved, leading to current consensus EPS of $1.81, up from $1.73 per share in the past 30 days.
A good pick
In the view of industry prospects and company-specific strengths, Remy International Inc (NASDAQ:REMY) looks like a decent pick in a promising industry. The decent stock price momentum and the record of earnings growth all present profit opportunities for both short and long holders. Zacks rates the stock as “strong buy.”
