Advance Auto Elements (NYSE:AAP) Lowered to Maintain at StockNews.com

Advance Auto Elements (NYSE:AAP – Get Ranking) was downgraded by analysis analysts at StockNews.com from a “purchase” score to a “maintain” score in a report launched on Thursday.

Different equities analysis analysts have additionally lately issued studies concerning the inventory. UBS Group diminished their goal worth on shares of Advance Auto Elements from $250.00 to $230.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, August twenty fourth. Raymond James reduce their worth goal on shares of Advance Auto Elements from $250.00 to $220.00 in a report on Thursday, August twenty fifth. Citigroup lowered their goal worth on Advance Auto Elements from $294.00 to $250.00 in a report on Friday, Could thirteenth. Guggenheim reduce their worth goal on Advance Auto Elements from $266.00 to $259.00 and set a “purchase” score for the corporate in a report on Wednesday, Could twenty fifth. Lastly, Morgan Stanley lowered their worth goal on Advance Auto Elements from $225.00 to $205.00 and set an “equal weight” score on the inventory in a analysis observe on Thursday, August twenty fifth. 5 funding analysts have rated the inventory with a maintain score, twelve have issued a purchase score and one has issued a robust purchase score to the corporate. Based on MarketBeat.com, Advance Auto Elements has a consensus score of “Reasonable Purchase” and a consensus worth goal of $235.56.

Advance Auto Elements Value Efficiency

Advance Auto Elements inventory traded up $1.99 throughout noon buying and selling on Thursday, reaching $180.29. The corporate had a buying and selling quantity of 695,613 shares, in comparison with its common quantity of 826,875. Advance Auto Elements has a 12-month low of $164.00 and a 12-month excessive of $244.55. The agency’s fifty day easy shifting common is $187.54 and its 200-day easy shifting common is $196.12. The corporate has a debt-to-equity ratio of 0.42, a present ratio of 1.16 and a fast ratio of 0.25. The corporate has a market capitalization of $10.84 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.11 and a beta of 1.24.

Advance Auto Elements (NYSE:AAP – Get Ranking) final launched its earnings outcomes on Tuesday, August twenty third. The corporate reported $3.74 earnings per share for the quarter, lacking the consensus estimate of $3.76 by ($0.02). Advance Auto Elements had a internet margin of 4.84{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} and a return on fairness of 25.99{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}. Throughout the identical interval within the earlier yr, the corporate posted $3.40 earnings per share. As a gaggle, equities analysts anticipate that Advance Auto Elements will put up 13.01 EPS for the present yr.

Institutional Traders Weigh In On Advance Auto Elements

A number of institutional traders and hedge funds have lately modified their holdings of AAP. Xponance Inc. elevated its stake in Advance Auto Elements by 2.6{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} throughout the first quarter. Xponance Inc. now owns 4,413 shares of the corporate’s inventory price $913,000 after buying a further 111 shares throughout the interval. Mercer International Advisors Inc. ADV elevated its stake in Advance Auto Elements by 47.9{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} throughout the 1st quarter. Mercer International Advisors Inc. ADV now owns 8,278 shares of the corporate’s inventory price $1,713,000 after shopping for a further 2,682 shares throughout the interval. IFM Traders Pty Ltd lifted its holdings in Advance Auto Elements by 6.4{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} throughout the 1st quarter. IFM Traders Pty Ltd now owns 9,218 shares of the corporate’s inventory price $1,908,000 after shopping for a further 558 shares within the final quarter. PNC Monetary Providers Group Inc. boosted its place in Advance Auto Elements by 1.8{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} within the 1st quarter. PNC Monetary Providers Group Inc. now owns 10,659 shares of the corporate’s inventory valued at $2,206,000 after shopping for a further 192 shares throughout the interval. Lastly, Blueshift Asset Administration LLC acquired a brand new place in shares of Advance Auto Elements within the first quarter price $730,000. Hedge funds and different institutional traders personal 99.47{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} of the corporate’s inventory.

About Advance Auto Elements

(Get Ranking)

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

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This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as 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 [email protected].

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