Advance Auto Parts (NYSE:AAP) Now Covered by StockNews.com

StockNews.com commenced protection on shares of Progress Vehicle Pieces (NYSE:AAP – Get Score) in a investigation report issued on Thursday. The brokerage set a “invest in” rating on the inventory.

Other research analysts have also not too long ago issued studies about the corporation. Morgan Stanley upped their price aim on Advance Car Pieces from $235.00 to $240.00 and gave the company an “equal fat” ranking in a report on Wednesday, February 16th. Wells Fargo & Enterprise reduced their price aim on Progress Automobile Elements from $255.00 to $245.00 and established an “equal body weight” rating on the inventory in a report on Tuesday, February 15th. DA Davidson upped their price aim on Progress Vehicle Components from $250.00 to $260.00 in a report on Thursday, December 30th. Evercore ISI assumed coverage on Advance Automobile Pieces in a report on Tuesday, February 15th. They issued a “buy” score and a $275.00 cost goal on the stock. Ultimately, Royal Bank of Canada assumed coverage on Progress Car Pieces in a report on Thursday, January 27th. They issued a “sector complete” ranking and a $239.00 rate objective on the inventory. 5 investigation analysts have rated the inventory with a maintain score, twelve have assigned a invest in score and just one has issued a robust obtain rating to the inventory. Centered on details from MarketBeat.com, the enterprise presently has an typical ranking of “Buy” and an average goal price tag of $256.65.

Shares of Advance Vehicle Pieces stock opened at $211.82 on Thursday. The inventory has a marketplace cap of $12.94 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.20 and a beta of 1.30. The stock’s 50 day basic shifting regular is $215.50 and its 200-working day basic shifting typical is $222.95. Progress Automobile Areas has a 1-calendar year minimal of $179.60 and a 1-calendar year substantial of $244.55. The company has a credit card debt-to-equity ratio of .33, a present ratio of 1.21 and a speedy ratio of .31.

Advance Car Sections (NYSE:AAP – Get Ranking) past issued its earnings benefits on Monday, February 14th. The company claimed $2.07 earnings for each share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $.10. The business experienced profits of $2.40 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Progress Auto Components had a return on equity of 23.63{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} and a internet margin of 5.60{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}. The business’s earnings for the quarter was up 1.3{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} as opposed to the very same quarter previous 12 months. During the identical time period in the earlier calendar year, the business posted $1.87 EPS. As a team, analysis analysts anticipate that Advance Automobile Elements will submit 13.81 EPS for the recent fiscal yr.

Various institutional buyers have recently purchased and offered shares of the enterprise. Penserra Funds Administration LLC enhanced its holdings in Progress Vehicle Sections by 19.6{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the fourth quarter. Penserra Capital Administration LLC now owns 281 shares of the firm’s inventory valued at $67,000 following purchasing an extra 46 shares through the past quarter. Geneos Prosperity Management Inc. increased its holdings in Progress Automobile Parts by 23.9{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the third quarter. Geneos Prosperity Management Inc. now owns 259 shares of the company’s inventory valued at $53,000 right after obtaining an additional 50 shares in the course of the final quarter. Mutual of The usa Funds Administration LLC improved its holdings in Advance Car Components by .4{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the third quarter. Mutual of The united states Money Management LLC now owns 11,905 shares of the firm’s inventory valued at $2,487,000 following obtaining an further 50 shares throughout the past quarter. Johnson Expense Counsel Inc. improved its holdings in Advance Vehicle Pieces by 3.6{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the 3rd quarter. Johnson Financial commitment Counsel Inc. now owns 1,422 shares of the firm’s stock valued at $298,000 soon after buying an further 50 shares during the last quarter. Ultimately, Profund Advisors LLC greater its holdings in Advance Auto Areas by 4.{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the fourth quarter. Profund Advisors LLC now owns 1,324 shares of the company’s stock valued at $318,000 after purchasing an extra 51 shares throughout the final quarter. 97.61{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} of the stock is at the moment owned by institutional investors and hedge cash.

About Advance Car Sections (Get Rating)

Advance Auto Components, Inc presents automotive replacement parts, equipment, batteries, and maintenance items for domestic and imported automobiles, vans, sport utility vehicles, and mild and weighty obligation vans. The firm provides battery add-ons belts and hoses brakes and brake pads chassis and local weather command components clutches and drive shafts engines and motor components exhaust systems and parts hub assemblies ignition elements and wires radiators and cooling sections starters and alternators and steering and alignment parts.

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