Advance Auto Parts’ (AAP) “Hold” Rating Reaffirmed at Oppenheimer Holdings, Inc.
Advance Auto Parts Inc (NYSE:AAP)‘s stock had its “hold” rating restated by equities research analysts at Oppenheimer Holdings, Inc. in a report released on Tuesday. Oppenheimer Holdings also issued estimates for Advance Auto Parts’ FY2018 earnings at $5.95 EPS.
Other equities analysts have also issued research reports about the stock. UBS AG restated a “buy” rating and issued a $155.00 target price (down previously from $170.00) on shares of Advance Auto Parts in a report on Monday, August 7th. Deutsche Bank AG restated a “buy” rating and issued a $139.00 target price (down previously from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Gabelli restated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $114.00 target price (down previously from $133.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Finally, Credit Suisse Group set a $100.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $116.44.
Advance Auto Parts (AAP) traded up $1.06 during mid-day trading on Tuesday, reaching $82.28. 3,894,400 shares of the company traded hands, compared to its average volume of 1,644,828. The firm has a market capitalization of $7,240.00, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The company has a current ratio of 1.48, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Advance Auto Parts has a 1-year low of $78.81 and a 1-year high of $177.83.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. Advance Auto Parts’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. equities analysts anticipate that Advance Auto Parts will post 5.15 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Tobam bought a new stake in Advance Auto Parts in the 2nd quarter worth about $118,000. QS Investors LLC grew its position in Advance Auto Parts by 0.9% in 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 in the last quarter. Huntington National Bank grew its position in Advance Auto Parts by 37.1% in the 2nd quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after purchasing an additional 283 shares in the last quarter. Global X Management Co. LLC grew its position in Advance Auto Parts by 14.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after purchasing an additional 139 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Advance Auto Parts by 57.5% in the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after purchasing an additional 441 shares in the last quarter.
Advance Auto Parts Company Profile
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.
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