Advance Auto Parts (NYSE:AAP) had its price objective boosted by JPMorgan Chase & Co. from $110.00 to $138.00 in a research note released on Friday morning. The firm currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. Raymond James Financial reissued a market perform rating on shares of Advance Auto Parts in a research note on Wednesday, October 4th. BTIG Research reissued a sell rating and set a $75.00 price objective (down previously from $90.00) on shares of Advance Auto Parts in a research note on Wednesday, October 25th. Royal Bank of Canada upped their price objective on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an outperform rating in a research note on Wednesday, November 15th. Morgan Stanley set a $120.00 price objective on shares of Advance Auto Parts and gave the company a buy rating in a research note on Tuesday, December 12th. Finally, Citigroup downgraded shares of Advance Auto Parts from a strong-buy rating to a market perform rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Advance Auto Parts presently has an average rating of Hold and an average price target of $109.91.

Shares of Advance Auto Parts (AAP) opened at $123.64 on Friday. The company has a market cap of $8,935.75, a P/E ratio of 21.55, a PEG ratio of 2.01 and a beta of 1.00. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $169.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 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 3.75% and a return on equity of 13.51%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.73 earnings per share. sell-side analysts predict that Advance Auto Parts will post 5.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Thursday, December 21st. Advance Auto Parts’s dividend payout ratio is currently 5.03%.

A number of large investors have recently bought and sold shares of AAP. Profund Advisors LLC raised its stake in Advance Auto Parts by 26.6% during the second quarter. Profund Advisors LLC now owns 2,605 shares of the company’s stock worth $304,000 after purchasing an additional 547 shares during the period. PNC Financial Services Group Inc. raised its stake in Advance Auto Parts by 22.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,451 shares of the company’s stock worth $636,000 after purchasing an additional 1,013 shares during the period. Thrivent Financial For Lutherans raised its stake in Advance Auto Parts by 3.7% during the second quarter. Thrivent Financial For Lutherans now owns 2,810 shares of the company’s stock worth $328,000 after purchasing an additional 100 shares during the period. Mutual of America Capital Management LLC raised its stake in Advance Auto Parts by 9.2% during the second quarter. Mutual of America Capital Management LLC now owns 8,919 shares of the company’s stock worth $1,040,000 after purchasing an additional 748 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Advance Auto Parts by 5.1% during the second quarter. UBS Asset Management Americas Inc. now owns 197,802 shares of the company’s stock worth $23,062,000 after purchasing an additional 9,561 shares during the period.

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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)

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