Advance Auto Parts (NYSE:AAP) received a $222.00 target price from investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 62.73% from the company’s current price.

A number of other analysts have also recently commented on the company. Evercore ISI restated a “buy” rating on shares of Advance Auto Parts in a research report on Tuesday. Zacks Investment Research upgraded Advance Auto Parts from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their price target on Advance Auto Parts to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, May 14th. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advance Auto Parts in a research report on Thursday, July 11th. Finally, ValuEngine cut Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $181.28.

AAP traded down $5.81 during midday trading on Monday, reaching $136.42. The company had a trading volume of 143,496 shares, compared to its average volume of 1,201,515. The company has a current ratio of 1.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $153.32. The firm has a market capitalization of $10.35 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.52 and a beta of 0.87. Advance Auto Parts has a 1 year low of $130.09 and a 1 year high of $186.15.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.22). The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Advance Auto Parts had a return on equity of 15.23% and a net margin of 4.45%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.97 EPS. Research analysts forecast that Advance Auto Parts will post 8.19 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. HBK Investments L P bought a new stake in shares of Advance Auto Parts in the 2nd quarter valued at approximately $248,000. Putnam Investments LLC lifted its stake in shares of Advance Auto Parts by 39.7% in the 2nd quarter. Putnam Investments LLC now owns 234,186 shares of the company’s stock valued at $36,097,000 after purchasing an additional 66,541 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Advance Auto Parts by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,477,868 shares of the company’s stock valued at $1,152,638,000 after purchasing an additional 56,160 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Advance Auto Parts by 17.7% in the 2nd quarter. Sterling Capital Management LLC now owns 30,120 shares of the company’s stock valued at $4,643,000 after purchasing an additional 4,520 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Advance Auto Parts by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 1,426 shares of the company’s stock valued at $220,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Advance Auto Parts Company Profile

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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Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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