Advance Auto Parts (NYSE:AAP - Get Free Report) had its price target increased by investment analysts at Citigroup from $44.00 to $47.00 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's target price would suggest a potential upside of 8.15% from the stock's previous close.
Several other equities analysts have also commented on the company. Royal Bank of Canada dropped their target price on Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating for the company in a research note on Monday, November 11th. Barclays dropped their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, January 9th. Evercore ISI boosted their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. UBS Group boosted their price target on Advance Auto Parts from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Finally, BMO Capital Markets initiated coverage on shares of Advance Auto Parts in a research note on Friday, December 13th. They set a "market perform" rating and a $45.00 price objective on the stock. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $47.88.
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Advance Auto Parts Stock Performance
Shares of AAP traded down $0.88 during mid-day trading on Friday, hitting $43.46. 2,498,948 shares of the company's stock were exchanged, compared to its average volume of 1,600,629. The business's 50 day moving average is $46.21 and its two-hundred day moving average is $44.31. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.60 billion, a P/E ratio of 59.53, a P/E/G ratio of 2.02 and a beta of 1.15. Advance Auto Parts has a fifty-two week low of $35.59 and a fifty-two week high of $88.56.
Insider Activity
In related news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares of the company's stock, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in shares of Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company's stock valued at $277,000 after acquiring an additional 221 shares during the last quarter. Yousif Capital Management LLC raised its stake in Advance Auto Parts by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company's stock valued at $1,242,000 after acquiring an additional 281 shares during the period. Ingalls & Snyder LLC lifted its holdings in Advance Auto Parts by 5.0% during the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company's stock valued at $316,000 after purchasing an additional 317 shares during the last quarter. Studio Investment Management LLC boosted its position in Advance Auto Parts by 6.7% during the fourth quarter. Studio Investment Management LLC now owns 5,557 shares of the company's stock worth $263,000 after purchasing an additional 350 shares during the period. Finally, Versant Capital Management Inc grew its stake in Advance Auto Parts by 207.4% in the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company's stock valued at $26,000 after buying an additional 365 shares during the last quarter. Institutional investors own 88.75% of the company's stock.
Advance Auto Parts Company Profile
(
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Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
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