Advance Automobile Pieces (NYSE:AAP – Get Rating) experienced its goal value reduced by analysts at Wells Fargo & Company from $245.00 to $230.00 in a study notice issued to traders on Monday, The Fly reviews. Wells Fargo & Corporation‘s target price tag would advise a possible upside of 8.90% from the stock’s present-day value.
Other research analysts also not too long ago issued research experiences about the stock. Royal Lender of Canada began coverage on shares of Advance Vehicle Components in a analysis report on Thursday, January 27th. They established a “sector perform” ranking and a $239.00 value target for the company. Morgan Stanley increased their concentrate on price tag on Progress Car Pieces from $235.00 to $240.00 and gave the enterprise an “equal weight” rating in a report on Wednesday, February 16th. Citigroup decreased their selling price concentrate on on Advance Auto Pieces from $294.00 to $250.00 in a investigate note on Friday. JPMorgan Chase & Co. elevated their rate aim on Advance Auto Pieces from $276.00 to $280.00 in a report on Friday, February 11th. Finally, StockNews.com reduced shares of Advance Car Sections from a “buy” score to a “hold” score in a report on Thursday. 6 analysis analysts have rated the stock with a keep score, 10 have issued a purchase ranking and a person has issued a sturdy invest in ranking to the company. In accordance to MarketBeat.com, Advance Auto Pieces presently has a consensus rating of “Buy” and an ordinary rate focus on of $254.81.
Shares of AAP inventory opened at $211.21 on Monday. Advance Auto Components has a 1-year low of $187.16 and a 1-yr large of $244.55. The business has a sector cap of $12.90 billion, a selling price-to-earnings ratio of 22.16, a PEG ratio of 1.21 and a beta of 1.22. The business has a personal debt-to-fairness ratio of .33, a present ratio of 1.21 and a speedy ratio of .31. The stock has a 50 day basic moving ordinary of $211.42 and a 200-working day straightforward relocating ordinary of $222.66.
Advance Auto Pieces (NYSE:AAP – Get Ranking) very last posted its quarterly earnings details on Monday, February 14th. The company documented $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $.10. Progress Car Elements experienced a web margin of 5.60% and a return on equity of 23.63%. The organization experienced revenue of $2.40 billion all through the quarter, in contrast to analysts’ expectations of $2.37 billion. For the duration of the exact interval in the prior 12 months, the business posted $1.87 earnings for each share. The firm’s profits for the quarter was up 1.3% on a 12 months-around-12 months basis. Analysts anticipate that Advance Car Pieces will write-up 13.74 earnings for each share for the present fiscal yr.
Several institutional buyers have not long ago purchased and sold shares of the firm. Central Bank & Rely on Co. obtained a new situation in Progress Auto Components in the initial quarter valued at roughly $29,000. Lifestyle Setting up Associates Inc ordered a new place in shares of Progress Car Components all through the 4th quarter really worth approximately $30,000. Covestor Ltd elevated its holdings in Progress Auto Parts by 113.7% in the 1st quarter. Covestor Ltd now owns 156 shares of the company’s inventory valued at $32,000 following acquiring an more 83 shares throughout the final quarter. Edmond DE Rothschild Holding S.A. obtained a new stake in Progress Auto Elements in the initially quarter valued at roughly $35,000. Lastly, To start with Horizon Advisors Inc. raised its holdings in shares of Progress Auto Areas by 423.5% in the 3rd quarter. Very first Horizon Advisors Inc. now owns 267 shares of the company’s inventory valued at $39,000 after purchasing an supplemental 216 shares all through the period of time. 98.99% of the stock is owned by institutional investors and hedge resources.
About Advance Car Areas (Get Ranking)
Progress Auto Sections, Inc provides automotive substitute sections, components, batteries, and upkeep goods for domestic and imported autos, vans, activity utility motor vehicles, and gentle and large responsibility vans. The organization presents battery accessories belts and hoses brakes and brake pads chassis and local climate handle pieces clutches and travel shafts engines and engine areas exhaust units and parts hub assemblies ignition components and wires radiators and cooling components starters and alternators and steering and alignment elements.
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