RBC Capital analyst Steven Shemesh maintained a Hold rating on Advance Auto Parts (AAP – Research Report) on February 5 and set a price target of $47.00. The company’s shares closed yesterday at $66.09.
Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, Chewy, and Lowe’s. According to TipRanks, Shemesh has an average return of -8.1% and a 45.14% success rate on recommended stocks.
Advance Auto Parts has an analyst consensus of Hold, with a price target consensus of $55.07.
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Based on Advance Auto Parts’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.69 billion and a net profit of $85.36 million. In comparison, last year the company earned a revenue of $2.67 billion and had a net profit of $144.4 million
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAP in relation to earlier this year.
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Advance Auto Parts (AAP) Company Description:
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
Read More on AAP:
- TD Cowen automotive analyst holds an analyst/industry conference call
- Advance Auto Parts call volume above normal and directionally bullish
- Advance Auto Parts initiated with a Sell at Veritas
- Advance Auto Parts appoints Elizabeth Dreyer as chief accounting officer
- Advance Auto Parts price target raised to $55 from $50 at Wells Fargo
