Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Advance Auto Parts (AAP) Stock Price
News stories about Advance Auto Parts (NYSE:AAP) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advance Auto Parts earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0044075995428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Advance Auto Parts Inc (AAP) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Zacks: Analysts Expect Advance Auto Parts Inc (AAP) Will Post Earnings of $1.23 Per Share (americanbankingnews.com)
- BWX Technologies Larger Than S&P 500 Component Advance Auto Parts (marketnewsvideo.com)
- Hot Stock Analysis – Advance Auto Parts, Inc., (NYSE: AAP) – Stock Watch (stocksnewstimes.com)
- Alphabet’s Waymo Inks Service Deal With Retailer AutoNation – TheStreet.com (thestreet.com)
Advance Auto Parts (NYSE:AAP) opened at $81.80 on Monday. The company has a market capitalization of $6,041.96, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 0.29.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.07). Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $1.90 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. analysts anticipate that Advance Auto Parts will post 5.16 earnings per share for the current year.
Several analysts have commented on the company. BidaskClub raised Advance Auto Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. UBS AG reaffirmed a “buy” rating and set a $155.00 price objective (down from $170.00) on shares of Advance Auto Parts in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, August 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price objective (down from $164.00) on shares of Advance Auto Parts in a research note on Friday, July 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $135.00 price objective (down from $150.00) on shares of Advance Auto Parts in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $117.91.
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.
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