UBS AG Gives Buy Rating to Advance Auto Parts (AAP)

By admin | 6 years ago

Advance Auto Parts (NYSE: AAP)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG (NYSE: UBS) in a note issued to investors on Tuesday.

Advance Auto Parts traded up 1.78% on Tuesday, hitting $82.52. 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 $6.018 billion and a price-to-earnings ratio of 15.87.

Advance Auto Parts last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.16. Advance Auto Parts’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Advance Auto Parts will post $1.65 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Cleveland Research downgraded shares of Advance Auto Parts to a “neutral” rating in a research note to investors on Monday. Separately, analysts at BB&T (NYSE: BBT) initiated coverage on shares of Advance Auto Parts in a research note to investors on Monday, April 16th. They set a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Advance Auto Parts in a research note to investors on Monday, April 2nd. They now have a $93.00 price target on the stock.

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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