Advance Auto Parts Inc. Sets New 1-Year High at $127.09 (AAP)
Advance Auto Parts (NYSE:AAP) set a new 52-week high during trading on Thursday, American Banking News reports. The stock traded as high as $127.09 and last traded at $124.99, with a volume of 2,857,795 shares. The stock had previously closed at $110.75.
A number of analysts have recently weighed in on AAP shares. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Advance Auto Parts in a research note to investors on Friday, January 31st. They set an “overweight” rating and a $135.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Advance Auto Parts from $110.00 to $135.00 in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Advance Auto Parts to $130.00 in a research note to investors on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.38.
Advance Auto Parts has a one year low of $73.67 and a one year high of $120.31. The stock’s 50-day moving average is $113.2 and its 200-day moving average is $95.49. The company has a market cap of $9.083 billion and a price-to-earnings ratio of 20.04.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.61. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Advance Auto Parts will post $5.45 earnings per share for the current fiscal year.
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.