Advance Auto Parts Inc (NYSE:AAP) has been given a $100.00 price objective by equities research analysts at Credit Suisse Group in a report issued on Wednesday, August 16th. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 3.38% from the stock’s previous close.
A number of other brokerages have also recently commented on AAP. Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Citigroup Inc. cut their target price on shares of Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a report on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and issued a $180.00 target price (down from $200.00) on shares of Advance Auto Parts in a report on Wednesday, May 17th. Gabelli upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Thursday, April 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Advance Auto Parts from $191.00 to $168.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $124.03.
Advance Auto Parts (AAP) traded down 1.36% during midday trading on Wednesday, hitting $96.73. 1,194,010 shares of the stock traded hands. The firm has a market cap of $7.14 billion, a P/E ratio of 19.31 and a beta of 0.90. Advance Auto Parts has a 12-month low of $82.21 and a 12-month high of $177.83. The company’s 50-day moving average is $102.30 and its 200 day moving average is $130.51.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by $0.07. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that Advance Auto Parts will post $5.16 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Advance Auto Parts by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock worth $812,186,000 after purchasing an additional 185,970 shares during the period. BlackRock Inc. boosted its holdings in Advance Auto Parts by 25.6% in the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after acquiring an additional 1,105,519 shares during the period. Lazard Asset Management LLC boosted its holdings in Advance Auto Parts by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,135,361 shares of the company’s stock worth $464,848,000 after acquiring an additional 983,616 shares during the period. American Century Companies Inc. boosted its holdings in Advance Auto Parts by 32.4% in the 2nd quarter. American Century Companies Inc. now owns 2,104,487 shares of the company’s stock worth $245,362,000 after acquiring an additional 514,921 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Advance Auto Parts by 51.2% in the 1st quarter. Point72 Asset Management L.P. now owns 1,538,878 shares of the company’s stock worth $228,154,000 after acquiring an additional 521,078 shares during the period.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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