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Equities research analysts at RBC Capital raised their price target on shares of Advance Auto Parts (NYSE:AAP) from $148.00 to $149.00 in a research note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “top pick” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 19.94% from the company’s current price.

AAP has been the subject of a number of other recent research reports. Analysts at Wedbush initiated coverage on shares of Advance Auto Parts in a research note on Thursday, April 10th. They set a $150.00 price target on the stock. Separately, analysts at Robert W. Baird downgraded shares of Advance Auto Parts from an “outperform” rating to a “neutral” rating in a research note on Friday, April 4th. Finally, analysts at Stephens initiated coverage on shares of Advance Auto Parts in a research note on Tuesday, March 4th. They set an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Advance Auto Parts presently has a consensus rating of “Hold” and a consensus target price of $122.75.

Advance Auto Parts (NYSE:AAP) opened at 124.23 on Friday. Advance Auto Parts has a one year low of $78.91 and a one year high of $129.99. The stock’s 50-day moving average is $121.8 and its 200-day moving average is $115.5. The company has a market cap of $9.023 billion and a P/E ratio of 23.15.

Advance Auto Parts (NYSE:AAP) last released its earnings data on Thursday, May 15th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, analysts predict that Advance Auto Parts will post $7.50 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.

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