Barclays Capital Reiterates Equalweight on Advance Auto Parts (AAP)

By admin | 6 years ago

Advance Auto Parts (NYSE: AAP)‘s stock had its “equalweight” rating reaffirmed by Barclays Capital (NYSE: BCS) in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Advance Auto Parts to $76.00 in a research note to investors on Friday. Separately, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Advance Auto Parts to $100.00 in a research note to investors on Tuesday, May 15th.

Advance Auto Parts traded down 0.09% on Friday, hitting $66.62. Advance Auto Parts has a 1-year low of $49.50 and a 1-year high of $93.08. The company has a market cap of $4.856 billion and a price-to-earnings ratio of 13.05.

Advance Auto Parts last released its earnings data on Thursday, May 17th. The company reported $1.79 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.82 by $0.03. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Advance Auto Parts will post $1.52 EPS next quarter.

Advance Auto Parts, Inc. is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.

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