Advance Auto Parts’ (AAP) Neutral Rating Reaffirmed at Roth Mkm

Advance Auto Parts (NYSE:AAP)‘s stock had its “neutral” rating reissued by Roth Mkm in a report released on Wednesday, Benzinga reports. They currently have a $40.00 price target on the stock. Roth Mkm’s price objective would indicate a potential upside of 1.32% from the stock’s current price.

A number of other research analysts also recently commented on AAP. Mizuho reaffirmed a “neutral” rating and set a $38.00 price objective (down from $45.00) on shares of Advance Auto Parts in a research report on Thursday, September 12th. TD Cowen lowered their price objective on shares of Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. Wells Fargo & Company lowered their price objective on shares of Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Truist Financial decreased their target price on shares of Advance Auto Parts from $63.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. Finally, Evercore ISI decreased their target price on shares of Advance Auto Parts from $64.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.36.

Advance Auto Parts Stock Up 0.0 %

AAP stock opened at $39.48 on Wednesday. Advance Auto Parts has a 52-week low of $36.40 and a 52-week high of $88.56. The company’s 50 day simple moving average is $46.04 and its 200-day simple moving average is $60.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.23 and a quick ratio of 0.30. The firm has a market capitalization of $2.35 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.25 and a beta of 1.16.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.22). Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Advance Auto Parts will post 2.19 EPS for the current year.

Institutional Trading of Advance Auto Parts

Several large investors have recently modified their holdings of AAP. CWM LLC boosted its holdings in shares of Advance Auto Parts by 25.7% during the 1st quarter. CWM LLC now owns 1,739 shares of the company’s stock worth $148,000 after buying an additional 356 shares during the period. First Hawaiian Bank raised its stake in Advance Auto Parts by 44.0% during the 1st quarter. First Hawaiian Bank now owns 9,673 shares of the company’s stock valued at $823,000 after purchasing an additional 2,957 shares during the last quarter. Radnor Capital Management LLC acquired a new position in Advance Auto Parts during the 1st quarter valued at $241,000. Future Financial Wealth Managment LLC acquired a new position in Advance Auto Parts during the 1st quarter valued at $43,000. Finally, Hexagon Capital Partners LLC raised its stake in Advance Auto Parts by 267.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 257 shares during the last quarter. 88.75% of the stock is owned by institutional investors.

About Advance Auto Parts

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.