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Advance Auto Parts (NYSE:AAP) has earned a “BBB-” credit rating from Morningstar. The credit rating agency’s “BBB-” rating suggests that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.

AAP has been the subject of a number of other recent research reports. Analysts at SunTrust initiated coverage on shares of Advance Auto Parts in a research note on Wednesday, August 27th. They set a “buy” rating and a $180.00 price target on the stock. Separately, analysts at Wolfe Research upgraded shares of Advance Auto Parts from a “market perform” rating to an “outperform” rating in a research note on Monday, August 18th. Finally, analysts at Wedbush raised their price target on shares of Advance Auto Parts from $150.00 to $155.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $141.85.

Advance Auto Parts (NYSE:AAP) traded down 0.72% during mid-day trading on Monday, hitting $136.42. 599,273 shares of the company’s stock traded hands. Advance Auto Parts has a 1-year low of $78.91 and a 1-year high of $138.06. The stock’s 50-day moving average is $129.0 and its 200-day moving average is $126.1. The company has a market cap of $9.949 billion and a price-to-earnings ratio of 22.94.

Advance Auto Parts (NYSE:AAP) last released its earnings data on Thursday, August 14th. The company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.07. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.32 billion. Analysts expect that Advance Auto Parts will post $7.70 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 19th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Wednesday, September 17th.

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.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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