A number of brokerages have issued reports on AAP. JPMorgan Chase & Co. increased their price objective on shares of Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Stephens set a $108.00 target price on shares of Advance Auto Parts and gave the stock a “hold” rating in a report on Tuesday, January 16th. Morgan Stanley set a $120.00 target price on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Moffett Nathanson assumed coverage on shares of Advance Auto Parts in a report on Monday, December 4th. They issued a “neutral” rating for the company.
Shares of Advance Auto Parts (AAP) traded up $2.72 during trading on Friday, reaching $123.64. 1,488,390 shares of the company’s stock were exchanged, compared to its average volume of 1,320,000. The firm has a market capitalization of $9,140.00, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. 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 has a 12-month low of $78.81 and a 12-month high of $169.55.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.18. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. research analysts forecast that Advance Auto Parts will post 5.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.19%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Advance Auto Parts by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock valued at $812,186,000 after buying an additional 185,970 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Advance Auto Parts by 6.4% in the 3rd quarter. State of Wisconsin Investment Board now owns 67,873 shares of the company’s stock valued at $6,733,000 after buying an additional 4,066 shares during the last quarter. PointState Capital LP bought a new position in Advance Auto Parts in the 2nd quarter valued at approximately $16,358,000. Tredje AP fonden bought a new position in Advance Auto Parts in the 3rd quarter valued at approximately $1,395,000. Finally, FMR LLC raised its holdings in Advance Auto Parts by 40.8% in the 2nd quarter. FMR LLC now owns 347,642 shares of the company’s stock valued at $40,533,000 after buying an additional 100,708 shares during the last quarter.
TRADEMARK VIOLATION WARNING: “Advance Auto Parts, Inc. (AAP) Given Consensus Recommendation of “Hold” by Brokerages” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/02/10/advance-auto-parts-inc-aap-given-consensus-recommendation-of-hold-by-brokerages-2.html.
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.
Receive News & Ratings for Advance Auto Parts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Advance Auto Parts and related companies with MarketBeat.com’s FREE daily email newsletter.