Advance Auto Parts Receives Consensus Recommendation of “Buy” from Analysts (NYSE:AAP)
Advance Auto Parts (NYSE:AAP) has earned an average rating of “Buy” from the eighteen brokerages that are presently covering the stock, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $133.83.
A number of analysts have recently weighed in on AAP shares. Analysts at Zacks reiterated an “outperform” rating on shares of Advance Auto Parts in a research note on Thursday, August 7th. They now have a $148.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Advance Auto Parts in a research note on Friday, June 27th. They now have a $143.00 price target on the stock, up previously from $140.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Advance Auto Parts in a research note on Thursday, June 26th. They now have a $150.00 price target on the stock, up previously from $145.00.
Advance Auto Parts (NYSE:AAP) opened at 125.25 on Friday. Advance Auto Parts has a 52-week low of $78.91 and a 52-week high of $136.12. The stock’s 50-day moving average is $128.7 and its 200-day moving average is $124.5. The company has a market cap of $9.127 billion and a price-to-earnings ratio of 22.03.
Advance Auto Parts (NYSE:AAP) last announced its 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 $7.57 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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