Shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) have received an average rating of “Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $254.81.
AAP has been the topic of several recent research reports. StockNews.com raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Friday. Evercore ISI started coverage on Advance Auto Parts in a report on Tuesday, February 15th. They set a “buy” rating and a $275.00 price target on the stock. Morgan Stanley lifted their price target on Advance Auto Parts from $235.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Citigroup reduced their price target on Advance Auto Parts from $294.00 to $250.00 in a report on Friday, May 13th. Finally, Wells Fargo & Company reduced their price target on Advance Auto Parts from $245.00 to $230.00 in a report on Monday, May 16th.
Shares of AAP opened at $181.89 on Friday. Advance Auto Parts has a 52-week low of $176.72 and a 52-week high of $244.55. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $211.22 and its two-hundred day moving average is $221.76. The stock has a market cap of $11.11 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.
A number of institutional investors and hedge funds have recently made changes to their positions in AAP. Central Bank & Trust Co. acquired a new stake in shares of Advance Auto Parts in the first quarter valued at approximately $29,000. Life Planning Partners Inc acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at approximately $30,000. Covestor Ltd boosted its holdings in shares of Advance Auto Parts by 113.7% in the first quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after acquiring an additional 83 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Advance Auto Parts in the first quarter valued at approximately $35,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Advance Auto Parts in the first quarter valued at approximately $41,000. 98.99% of the stock is owned by hedge funds and other institutional investors.
Advance Auto Parts Company Profile (Get Rating)
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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