Monday, February 6, 2023
Google search engine
HomeMarketResultsAdvance Auto Parts (NYSE:AAP) Price Target Cut to $150.00

Advance Auto Parts (NYSE:AAP) Price Target Cut to $150.00


Advance Auto Elements (NYSE:AAPGet Rating) had its goal value decreased by equities researchers at Wells Fargo & Company from $180.00 to $150.00 in a analysis observe issued on Thursday, Benzinga stories. The agency at the moment has an “equal weight” score on the inventory. Wells Fargo & Company‘s value goal would point out a possible draw back of 1.24% from the corporate’s earlier shut.

Plenty of different equities analysts have additionally commented on AAP. Argus dropped their value goal on shares of Advance Auto Elements from $220.00 to $185.00 in a analysis report on Monday, December fifth. Truist Monetary lower shares of Advance Auto Elements from a “purchase” score to a “maintain” score and decreased their value goal for the corporate from $228.00 to $147.00 in a report on Wednesday, November sixteenth. StockNews.com lowered Advance Auto Elements from a “purchase” score to a “maintain” score in a analysis observe on Wednesday, December twenty first. Wedbush lower their value goal on Advance Auto Elements from $200.00 to $165.00 and set an “outperform” score for the corporate in a analysis report on Wednesday, November sixteenth. Lastly, Morgan Stanley lowered their value goal on shares of Advance Auto Elements from $205.00 to $165.00 and set an “equal weight” score on the inventory in a analysis observe on Thursday, November seventeenth. 9 funding analysts have rated the inventory with a maintain score, 4 have assigned a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. In line with knowledge from MarketBeat.com, Advance Auto Elements presently has a consensus score of “Maintain” and a consensus goal value of $191.25.

Advance Auto Elements Buying and selling Up 0.2 %

Shares of NYSE:AAP opened at $151.89 on Thursday. The corporate has a present ratio of 1.13, a fast ratio of 0.23 and a debt-to-equity ratio of 0.44. The inventory has a market capitalization of $9.13 billion, a PE ratio of 19.52, a P/E/G ratio of 0.89 and a beta of 1.15. Advance Auto Elements has a 1 yr low of $138.52 and a 1 yr excessive of $244.55. The agency has a fifty day transferring common value of $157.61 and a 200 day transferring common value of $171.84.

Advance Auto Elements (NYSE:AAPGet Rating) final introduced its quarterly earnings outcomes on Tuesday, November fifteenth. The corporate reported $2.84 earnings per share for the quarter, lacking analysts’ consensus estimates of $3.32 by ($0.48). The corporate had income of $2.64 billion through the quarter, in comparison with analyst estimates of $2.66 billion. Advance Auto Elements had a return on fairness of 25.97% and a internet margin of 4.30%. Analysts count on that Advance Auto Elements will publish 12.6 EPS for the present fiscal yr.

Hedge Funds Weigh In On Advance Auto Elements

A number of hedge funds and different institutional buyers have lately modified their holdings of the inventory. Vanguard Group Inc. raised its stake in Advance Auto Elements by 4.0% through the third quarter. Vanguard Group Inc. now owns 7,291,395 shares of the corporate’s inventory value $1,139,936,000 after buying a further 277,906 shares within the final quarter. Clearbridge Investments LLC elevated its place in shares of Advance Auto Elements by 3.6% through the 1st quarter. Clearbridge Investments LLC now owns 3,313,689 shares of the corporate’s inventory value $685,801,000 after buying a further 114,789 shares within the final quarter. JPMorgan Chase & Co. elevated its place in shares of Advance Auto Elements by 22.4% through the 2nd quarter. JPMorgan Chase & Co. now owns 2,636,189 shares of the corporate’s inventory value $456,297,000 after buying a further 482,858 shares within the final quarter. Invesco Ltd. lifted its holdings in Advance Auto Elements by 10.8% through the 1st quarter. Invesco Ltd. now owns 1,018,797 shares of the corporate’s inventory valued at $210,850,000 after buying a further 99,400 shares over the last quarter. Lastly, Dimensional Fund Advisors LP boosted its place in Advance Auto Elements by 2.5% within the third quarter. Dimensional Fund Advisors LP now owns 858,038 shares of the corporate’s inventory valued at $134,168,000 after shopping for a further 20,904 shares within the final quarter. Institutional buyers personal 96.04% of the corporate’s inventory.

Advance Auto Elements Firm Profile

(Get Rating)

Advance Auto Elements, Inc gives automotive alternative elements, equipment, batteries, and upkeep objects for home and imported automobiles, vans, sport utility autos, and light-weight and heavy obligation vehicles. The corporate affords battery equipment; belts and hoses; brakes and brake pads; chassis and local weather management elements; clutches and drive shafts; engines and engine elements; exhaust programs and elements; hub assemblies; ignition elements and wires; radiators and cooling elements; starters and alternators; and steering and alignment elements.

Featured Tales

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Advance Auto Elements, you will need to hear this.

MarketBeat retains observe of Wall Road’s top-rated and finest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the five stocks that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Advance Auto Elements wasn’t on the record.

Whereas Advance Auto Elements at the moment has a “Maintain” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2022 Cover



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments