Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received a consensus rating of “Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $190.67.

A number of research firms have recently issued reports on AAP. Zacks Investment Research raised shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada dropped their price target on shares of Advance Auto Parts to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup dropped their price target on shares of Advance Auto Parts from $188.00 to $182.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $175.00 price objective on shares of Advance Auto Parts in a research note on Tuesday, February 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $195.00 price objective on shares of Advance Auto Parts in a research note on Tuesday, February 19th.

Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP grew its stake in Advance Auto Parts by 1,003.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,117,577 shares of the company’s stock valued at $175,974,000 after buying an additional 1,016,300 shares in the last quarter. Norges Bank purchased a new position in Advance Auto Parts in the 4th quarter valued at approximately $110,154,000. JPMorgan Chase & Co. grew its stake in Advance Auto Parts by 114.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,209,134 shares of the company’s stock valued at $206,194,000 after buying an additional 644,911 shares in the last quarter. Two Sigma Investments LP grew its stake in Advance Auto Parts by 158.6% in the 4th quarter. Two Sigma Investments LP now owns 934,980 shares of the company’s stock valued at $147,222,000 after buying an additional 573,376 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Advance Auto Parts by 11.7% in the 4th quarter. BlackRock Inc. now owns 5,089,102 shares of the company’s stock valued at $801,330,000 after buying an additional 534,863 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Advance Auto Parts stock traded down $0.99 during trading hours on Friday, reaching $154.76. 254,137 shares of the company’s stock were exchanged, compared to its average volume of 880,322. The company has a current ratio of 1.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.29. Advance Auto Parts has a twelve month low of $113.61 and a twelve month high of $186.15. The company has a market cap of $11.14 billion, a P/E ratio of 21.71, a PEG ratio of 1.49 and a beta of 0.97.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, February 19th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities research analysts forecast that Advance Auto Parts will post 8.11 EPS for the current fiscal year.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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