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Shares of Advance Auto Parts (NYSE:AAP) have received an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, StockRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $128.33.

AAP has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Advance Auto Parts in a research note on Tuesday. They set an “overweight” rating and a $150.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Advance Auto Parts in a research note on Monday, May 19th. They now have a $146.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Advance Auto Parts in a research note on Friday, May 16th. They now have a $125.00 price target on the stock, up previously from $120.00.

Advance Auto Parts (NYSE:AAP) opened at 130.67 on Tuesday. Advance Auto Parts has a one year low of $78.91 and a one year high of $130.82. The stock has a 50-day moving average of $124.5 and a 200-day moving average of $120.4. The company has a market cap of $9.522 billion and a price-to-earnings ratio of 23.01.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, May 15th. The company reported $2.25 earnings per share for the quarter, beating the analysts’ 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 $7.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Monday, June 16th.

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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