RBC Capital Reaffirms Their Hold Rating on Advance Auto Parts (AAP)

RBC Capital analyst Steven Shemesh maintained a Hold rating on Advance Auto Parts (AAP – Research Report) yesterday and set a price target of $68.00. The company’s shares closed yesterday at $71.61.

According to TipRanks, Shemesh is an analyst with an average return of -6.4% and a 45.96% success rate. Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and CarParts.com Inc.

In addition to RBC Capital, Advance Auto Parts also received a Hold from Evercore ISI’s Chris McNally in a report issued yesterday. However, on April 2, Bank of America Securities reiterated a Sell rating on Advance Auto Parts (NYSE: AAP).

AAP market cap is currently $4.18B and has a P/E ratio of 140.50.

Based on the recent corporate insider activity of 85 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.