Advance Auto Parts PT Raised to $150.00 (AAP)
Wedbush upped their target price on shares of Advance Auto Parts (NYSE:AAP) from $130.00 to $150.00 in a research note issued on Friday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 20.00% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Advance Auto Parts from $125.00 to $145.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Advance Auto Parts has an average rating of “Hold” and a consensus target price of $118.50.
Shares of Advance Auto Parts (NYSE:AAP) traded up 0.11% during mid-day trading on Friday, hitting $125.00. 1,697,974 shares of the company’s stock traded hands. Advance Auto Parts has a one year low of $75.62 and a one year 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters 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 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. 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.
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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