Advance Auto Parts (NYSE:AAP) Receives Hold Rating from Oppenheimer

Advance Auto Parts (NYSE:AAP)‘s stock had its “hold” rating reiterated by Oppenheimer in a research note issued to investors on Tuesday, November 14th. Oppenheimer also issued estimates for Advance Auto Parts’ Q3 2017 earnings at $1.24 EPS, Q4 2017 earnings at $0.76 EPS, Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $5.24 EPS, FY2017 earnings at $5.18 EPS, FY2018 earnings at $5.95 EPS and FY2018 earnings at $5.88 EPS.

A number of other research analysts have also weighed in on AAP. Credit Suisse Group reaffirmed an “outperform” rating and issued a $135.00 price target (down from $150.00) on shares of Advance Auto Parts in a research note on Monday, July 17th. Deutsche Bank reaffirmed a “buy” rating and issued a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a research note on Friday, July 21st. BidaskClub raised shares of Advance Auto Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. UBS reissued a “buy” rating and issued a $155.00 target price (down from $170.00) on shares of Advance Auto Parts in a research note on Monday, August 7th. Finally, Royal Bank Of Canada decreased their target price on shares of Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.89.

Shares of Advance Auto Parts (AAP) traded down $1.72 on Tuesday, reaching $99.28. The company’s stock had a trading volume of 2,252,880 shares, compared to its average volume of 2,218,654. The firm has a market cap of $7,336.59, a P/E ratio of 17.70, a P/E/G ratio of 1.79 and a beta of 0.98. 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 $177.83.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.18. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. analysts predict that Advance Auto Parts will post 5.22 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Tobam purchased a new stake in shares of Advance Auto Parts during the 2nd quarter worth $118,000. QS Investors LLC lifted its position in shares of Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the last quarter. Huntington National Bank lifted its position in shares of Advance Auto Parts by 37.1% during the 2nd quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after purchasing an additional 283 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of Advance Auto Parts by 14.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after purchasing an additional 139 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Advance Auto Parts by 57.5% during the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after purchasing an additional 441 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Advance Auto Parts (NYSE:AAP) Receives Hold Rating from Oppenheimer” was originally posted by BBNS and is owned by of BBNS. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://baseballnewssource.com/markets/oppenheimer-holdings-inc-reiterates-hold-rating-for-advance-auto-parts-inc-aap/1782364.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.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts Inc and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.