Advance Auto Parts, Inc. (AAP) Receives $190.13 Average PT from Analysts

Share on StockTwits

Advance Auto Parts, Inc. (NYSE:AAP) has been given a consensus rating of “Buy” by the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $190.67.

A number of equities analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Advance Auto Parts in a report on Wednesday, March 20th. They issued an “outperform” rating and a $185.00 price target on the stock. Zacks Investment Research lowered shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Citigroup decreased their price target on shares of Advance Auto Parts from $188.00 to $182.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $175.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 19th. Finally, Royal Bank of Canada decreased their price target on shares of Advance Auto Parts to $178.00 and set an “outperform” rating on the stock in a report on Tuesday.

Several large investors have recently bought and sold shares of the stock. Legacy Financial Advisors Inc. purchased a new stake in Advance Auto Parts during the 4th quarter worth $38,000. Nelson Roberts Investment Advisors LLC purchased a new stake in Advance Auto Parts during the 1st quarter worth $40,000. Pinnacle Financial Partners Inc. purchased a new stake in Advance Auto Parts during the 1st quarter worth $43,000. Whittier Trust Co. of Nevada Inc. increased its stake in Advance Auto Parts by 38.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock worth $52,000 after buying an additional 91 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in Advance Auto Parts by 258.9% during the 1st quarter. Zions Bancorporation N.A. now owns 402 shares of the company’s stock worth $69,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Shares of AAP traded up $0.69 during mid-day trading on Friday, reaching $157.97. The company had a trading volume of 1,146,200 shares, compared to its average volume of 1,156,567. The firm has a market cap of $11.18 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97. Advance Auto Parts has a fifty-two week low of $113.61 and a fifty-two week high of $186.15. The company has a quick ratio of 0.44, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. Advance Auto Parts’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. As a group, equities research analysts anticipate that Advance Auto Parts will post 8.12 earnings per share for the current year.

Advance Auto Parts Company Profile

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.

Read More: Why is the Consumer Price Index (CPI) important?

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.