Shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $55.54.
AAP has been the topic of several analyst reports. TD Cowen reduced their price target on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 23rd. Truist Financial reduced their price target on Advance Auto Parts from $46.00 to $41.00 and set a “hold” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price target on Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Roth Capital upgraded Advance Auto Parts to a “hold” rating in a report on Tuesday, October 15th. Finally, Wedbush upgraded shares of Advance Auto Parts from a “neutral” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Tuesday, October 15th.
Read Our Latest Report on Advance Auto Parts
Institutional Trading of Advance Auto Parts
Advance Auto Parts Trading Down 2.8 %
Shares of AAP opened at $37.90 on Thursday. Advance Auto Parts has a 52-week low of $35.59 and a 52-week high of $88.56. The company has a quick ratio of 0.30, a current ratio of 1.23 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $39.25 and its two-hundred day moving average is $55.46. The stock has a market cap of $2.26 billion, a PE ratio of 3,790.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17.
Advance Auto Parts (NYSE:AAP – Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.22). Advance Auto Parts had a return on equity of 0.05% and a net margin of 0.01%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s revenue was down .1% on a year-over-year basis. Research analysts forecast that Advance Auto Parts will post 2.19 earnings per share for the current fiscal year.
About Advance Auto Parts
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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