Brokerages Set Advance Auto Parts, Inc. (AAP) PT at $104.89

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have been assigned a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $104.89.

Several brokerages recently commented on AAP. Morgan Stanley upped their price target on shares of Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Royal Bank of Canada upped their price target on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Moffett Nathanson began coverage on shares of Advance Auto Parts in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Tuesday, January 16th. Finally, Oppenheimer reiterated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, November 14th.

Several institutional investors and hedge funds have recently made changes to their positions in AAP. Balentine LLC acquired a new position in shares of Advance Auto Parts during the 4th quarter worth $100,000. QS Investors LLC increased its stake in shares of Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the last quarter. Assetmark Inc. increased its stake in shares of Advance Auto Parts by 71.6% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock worth $148,000 after purchasing an additional 621 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of Advance Auto Parts during the 3rd quarter worth $201,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Advance Auto Parts during the 4th quarter worth $207,000.

Shares of Advance Auto Parts (NYSE AAP) traded down $1.21 during trading hours on Tuesday, hitting $107.57. 944,383 shares of the company traded hands, compared to its average volume of 1,334,556. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7,949.21, a P/E ratio of 22.55, a PEG ratio of 1.74 and a beta of 1.14. Advance Auto Parts has a fifty-two week low of $78.81 and a fifty-two week high of $169.55.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be given a $0.06 dividend. The ex-dividend date is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. Advance Auto Parts’s payout ratio is 5.03%.

COPYRIGHT VIOLATION WARNING: “Brokerages Set Advance Auto Parts, Inc. (AAP) PT at $104.89” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://stocknewstimes.com/2018/02/18/brokerages-set-advance-auto-parts-inc-aap-pt-at-104-89.html.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply