In yesterday’s Wall Street session, Advance Auto Parts Inc (NYSE:AAP) shares traded at $53.42, down -4.04% from the previous session.
As of this writing, 27 analysts cover Advance Auto Parts Inc (NYSE:AAP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $42.00, we find $57.00. Given the previous closing price of $55.67, this indicates a potential upside of 2.39 percent. AAP stock price is now -2.82% away from the 50-day moving average and -40.73% away from the 200-day moving average. The market capitalization of the company currently stands at $3.18B.
There are 23 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $59.23 as their price target over the next twelve months.
With the price target reduced from $60 to $43, BofA Securities Downgraded its rating from Neutral to Underperform for Advance Auto Parts Inc (NYSE: AAP).
In other news, LEE EUGENE I JR, Director bought 8,670 shares of the company’s stock on Sep 13. The stock was bought for $499,818 at an average price of $57.65. Upon completion of the transaction, the Director now directly owns 19,430 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, Director Pertz Douglas A bought 4,575 shares of the business’s stock. A total of $302,058 was incurred on buying the stock at an average price of $66.02. This leaves the insider owning 12,831 shares of the company worth $0.69 million. Insiders disposed of 32,537 shares of company stock worth roughly $1.74 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
Thursday morning saw Advance Auto Parts Inc (NYSE: AAP) opened at $53.61. During the past 12 months, Advance Auto Parts Inc has had a low of $47.73 and a high of $161.73. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 1.23, and a quick ratio of 0.27. The fifty day moving average price for AAP is $54.77 and a two-hundred day moving average price translates $89.61 for the stock.
The latest earnings results from Advance Auto Parts Inc (NYSE: AAP) was released for Oct, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.82, missing analysts’ expectations of $1.45 by -2.27. This compares to $2.38 EPS in the same period last year. The net profit margin was 1.65% and return on equity was 6.95% for AAP. The company reported revenue of $2.69 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.77 percent. For the current quarter, analysts expect AAP to generate $2.48B in revenue.
