Advance Auto Parts (NYSE:AAP) PT Lowered to $238.00 at Truist Financial

Progress Auto Pieces (NYSE:AAPGet Score) had its cost concentrate on dropped by equities researchers at Truist Money from $276.00 to $238.00 in a analysis be aware issued on Wednesday, The Fly stories. Truist Financial’s goal value suggests a prospective upside of 32.05% from the company’s latest value.

Many other research analysts also a short while ago commented on AAP. JPMorgan Chase & Co. lifted their target value on Advance Vehicle Sections from $276.00 to $280.00 in a report on Friday, February 11th. Evercore ISI started out protection on Advance Car Areas in a exploration notice on Tuesday, February 15th. They issued a “buy” rating and a $275.00 selling price objective on the stock. raised Progress Auto Areas from a “hold” rating to a “buy” ranking in a investigation take note on Friday, May perhaps 20th. Stephens lessened their concentrate on price tag on Progress Automobile Components from $246.00 to $215.00 in a study report on Wednesday. Eventually, Morgan Stanley lowered their target price on Progress Car Elements from $240.00 to $225.00 and established an “equal weight” score for the enterprise in a study report on Tuesday. Five expense analysts have rated the stock with a maintain rating, eleven have issued a acquire score and one particular has issued a powerful obtain score to the company’s stock. In accordance to, the inventory has a consensus ranking of “Buy” and an average concentrate on cost of $242.72.

Shares of NYSE AAP opened at $180.23 on Wednesday. Progress Auto Sections has a 52 7 days low of $172.86 and a 52 week large of $244.55. The stock has a market place capitalization of $11.01 billion, a PE ratio of 18.91, a selling price-to-earnings-development ratio of 1.12 and a beta of 1.22. The inventory has a 50 day transferring average price of $210.25 and a 200 day moving regular cost of $221.09. The enterprise has a credit card debt-to-fairness ratio of .33, a brief ratio of .31 and a current ratio of 1.21.

Progress Automobile Parts (NYSE:AAPGet Score) past issued its quarterly earnings final results on Monday, May 23rd. The organization documented $3.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($.02). Advance Car Elements experienced a internet margin of 5.60% and a return on fairness of 23.63%. The enterprise had income of $3.40 billion all through the quarter, in comparison to the consensus estimate of $3.39 billion. Through the identical quarter in the former calendar year, the small business posted $3.34 EPS. The company’s earnings for the quarter was up 2.1% on a calendar year-around-calendar year basis. As a group, study analysts forecast that Progress Auto Sections will submit 13.75 EPS for the present 12 months.

Substantial investors have just lately acquired and marketed shares of the business. Existence Arranging Partners Inc purchased a new placement in Advance Vehicle Elements in the fourth quarter valued at $30,000. Central Bank & Rely on Co. purchased a new stake in shares of Progress Automobile Components all through the very first quarter well worth about $29,000. Covestor Ltd boosted its holdings in shares of Advance Automobile Pieces by 113.7% all through the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock value $32,000 following paying for an further 83 shares through the period of time. Edmond DE Rothschild Holding S.A. ordered a new stake in Advance Automobile Pieces in the 1st quarter truly worth about $35,000. Last but not least, FNY Expenditure Advisers LLC bought a new stake in Advance Auto Elements in the initially quarter well worth about $41,000. Hedge money and other institutional buyers own 98.99% of the company’s inventory.

About Progress Auto Pieces (Get Rating)

Progress Auto Pieces, Inc gives automotive substitution sections, equipment, batteries, and upkeep merchandise for domestic and imported cars and trucks, vans, activity utility vehicles, and light-weight and weighty obligation vans. The firm presents battery components belts and hoses brakes and brake pads chassis and climate command pieces clutches and generate shafts engines and motor elements exhaust techniques and areas hub assemblies ignition factors and wires radiators and cooling parts starters and alternators and steering and alignment sections.

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