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Equities research analysts at Raymond James hoisted their target price on shares of Advance Auto Parts (NYSE:AAP) from $125.00 to $145.00 in a research note issued to investors on Friday, American Banking & Market News reports. Raymond James’ price target would suggest a potential upside of 16.00% from the stock’s previous close.

Advance Auto Parts (NYSE:AAP) traded up 0.11% on Friday, hitting $125.00. The stock had a trading volume of 1,697,974 shares. Advance Auto Parts has a 52 week low of $75.62 and a 52 week high of $127.09. The stock has a 50-day moving average of $113. and a 200-day moving average of $95.70. The company has a market cap of $9.093 billion and a P/E ratio of 22.60.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. 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 previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Advance Auto Parts will post $7.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of 0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 19th.

A number of other analysts have also recently weighed in on AAP. Analysts at UBS AG raised their price target on shares of Advance Auto Parts from $135.00 to $145.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Advance Auto Parts in a research note to investors on Friday. They now have a $120.00 price target on the stock, up previously from $115.00. Finally, analysts at RBC Capital raised their price target on shares of Advance Auto Parts from $131.00 to $146.00 in a research note to investors on Friday. They now have a “top pick” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $118.50.

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.

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