Advance Auto Parts PT Raised to $110.00 at UBS AG (AAP)
Investment analysts at UBS AG hoisted their target price on shares of Advance Auto Parts (NYSE:AAP) from $95.00 to $110.00 in a note issued to investors on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective indicates a potential upside of 13.15% from the stock’s previous close.
Shares of Advance Auto Parts (NYSE:AAP) traded up 1.10% on Thursday, hitting $97.22. The stock had a trading volume of 3,577,604 shares. Advance Auto Parts has a 52 week low of $64.36 and a 52 week high of $88.74. The stock has a 50-day moving average of $81.70 and a 200-day moving average of $81.7. The company has a market cap of $7.090 billion and a price-to-earnings ratio of 18.12.
Advance Auto Parts (NYSE:AAP) last released its earnings data on Thursday, August 8th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $0.11. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Advance Auto Parts will post $5.54 earnings per share for the current fiscal year.
AAP has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Advance Auto Parts from $75.00 to $105.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Advance Auto Parts in a research note to investors on Thursday. They now have a $96.00 price target on the stock, up previously from $83.00. Finally, analysts at Wedbush upgraded shares of Advance Auto Parts from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $120.00 price target on the stock, up previously from $70.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Advance Auto Parts presently has a consensus rating of “Hold” and a consensus price target of $129.71.
Advance Auto Parts, Inc (NYSE:AAP) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.