Advance Auto Parts (NYSE: AAP – Get Rating) The stock has “Buy” rating by StockNews.com.
Several other research analysts have also recently weighed in on AAP. Morgan Stanley boosted their price objective on Advance Auto Parts from $ 235.00 to $ 240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 16th. Wells Fargo & Company cut their price objective on Advance Auto Parts from $ 255.00 to $ 245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 15th. Citigroup boosted their price objective on Advance Auto Parts from $ 290.00 to $ 294.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th. Evercore ISI assumed coverage on Advance Auto Parts in a research report on Tuesday, February 15th. They issued a “buy” rating and a $ 275.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price target on Advance Auto Parts from $ 276.00 to $ 280.00 in a research report on Friday, February 11th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $ 255.75.
Shares of NYSE: AAP opened at $ 211.21 on Thursday. The stock has a market cap of $ 12.90 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.16 and a beta of 1.22. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. Advance Auto Parts has a 12-month low of $ 187.16 and a 12-month high of $ 244.55. The business’s 50 day moving average is $ 211.22 and its 200 day moving average is $ 222.87.
Advance Auto Parts (NYSE: AAP – Get Rating) last posted its quarterly earnings data on Monday, February 14th. The company reported $ 2.07 earnings per share for the quarter, topping the consensus estimate of $ 1.97 by $ 0.10. Advance Auto Parts had a return on equity of 23.63% and a net margin of 5.60%. The business had revenue of $ 2.40 billion for the quarter, compared to analysts’ expectations of $ 2.37 billion. During the same quarter in the previous year, the firm earned $ 1.87 per share in earnings. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that Advance Auto Parts will post 13.74 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Life Planning Partners Inc bought a new position in Advance Auto Parts during the 4th quarter worth about $ 30,000. Central Bank & Trust Co. Purchased a new stake in Advance Auto Parts during the 1st quarter valued at about $ 29,000. Covestor Ltd boosted its holdings in Advance Auto Parts by 113.7% during the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $ 32,000 after acquiring an additional 83 shares during the period. Edmond DE Rothschild Holding SA bought a new stake in Advance Auto Parts during the 1st quarter valued at approximately $ 35,000. Finally, FNY Investment Advisers LLC bought a new stake in Advance Auto Parts during the 1st quarter valued at approximately $ 41,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
Advance Auto Parts Company Profile (Get Rating)
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
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