Advance Auto Parts Given Consensus Recommendation of “Hold” by Brokerages (NYSE:AAP)
Shares of Advance Auto Parts (NYSE:AAP) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the company, American Banking & Market News reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $120.69.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Advance Auto Parts from $135.00 to $138.00 in a research note to investors on Friday. Separately, analysts at Wedbush raised their price target on shares of Advance Auto Parts from $130.00 to $150.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, 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.
Shares of Advance Auto Parts (NYSE:AAP) traded down 1.08% on Monday, hitting $123.65. The stock had a trading volume of 241,098 shares. Advance Auto Parts has a one year low of $75.62 and a one year high of $128.10. The stock’s 50-day moving average is $114.2 and its 200-day moving average is $96.01. The company has a market cap of $8.997 billion and a P/E ratio of 23.50.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results 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 $7.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. The ex-dividend date 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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