Advance Auto Parts (NYSE:AAP) Given a $185.00 Price Target at Morgan Stanley
Morgan Stanley set a $185.00 price target on Advance Auto Parts (NYSE:AAP) in a research report released on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also weighed in on the stock. Wedbush restated an outperform rating and set a $200.00 price objective on shares of Advance Auto Parts in a research note on Thursday, July 11th. Evercore ISI reissued a buy rating on shares of Advance Auto Parts in a research report on Tuesday, August 13th. Northcoast Research restated a neutral rating on shares of Advance Auto Parts in a report on Thursday, June 27th. Credit Suisse Group lowered their price objective on Advance Auto Parts from $195.00 to $162.00 and set an outperform rating on the stock in a research report on Wednesday, August 14th. Finally, Zacks Investment Research upgraded Advance Auto Parts from a hold rating to a buy rating and set a $161.00 target price on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $183.38.
NYSE:AAP traded up $4.16 during trading hours on Tuesday, reaching $158.86. 1,144,647 shares of the company traded hands, compared to its average volume of 1,204,205. The company has a current ratio of 1.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $143.33 and its two-hundred day moving average price is $156.89. Advance Auto Parts has a 1 year low of $130.09 and a 1 year high of $186.15. The stock has a market capitalization of $10.52 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.60 and a beta of 0.85.
Institutional investors have recently added to or reduced their stakes in the business. Doyle Wealth Management purchased a new position in shares of Advance Auto Parts in the second quarter worth approximately $31,000. Berman Capital Advisors LLC increased its holdings in Advance Auto Parts by 172.8% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $33,000 after buying an additional 140 shares during the last quarter. Citizens Financial Group Inc RI increased its holdings in Advance Auto Parts by 466.7% during the second quarter. Citizens Financial Group Inc RI now owns 221 shares of the company’s stock valued at $34,000 after buying an additional 182 shares during the last quarter. Nelson Roberts Investment Advisors LLC bought a new position in Advance Auto Parts in the first quarter worth approximately $40,000. Finally, CSat Investment Advisory L.P. raised its position in Advance Auto Parts by 66.9% in the second quarter. CSat Investment Advisory L.P. now owns 292 shares of the company’s stock worth $45,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.
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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