Advance Auto Parts (AAP) Releases Quarterly Earnings Results
Advance Auto Parts (NYSE:AAP) released its earnings data on Thursday. The company reported $2.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.01 by $0.07, AR Network reports. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.32 billion.
Shares of Advance Auto Parts (NYSE:AAP) opened at 122.93 on Thursday. 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 $128.3 and its 200-day moving average is $124.6. The company has a market cap of $8.958 billion and a price-to-earnings ratio of 21.65.
A number of research firms have recently commented on AAP. 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. On the ratings front, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $133.83.
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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