Credit Suisse upgraded shares of Advance Auto Parts (NYSE:AAP) from a neutral rating to an outperform rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
AAP has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Advance Auto Parts from $80.00 to $100.00 in a research note to investors on Friday, November 8th. They now have a market perform rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Advance Auto Parts in a research note to investors on Friday, November 1st. They now have a $104.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Advance Auto Parts from a buy rating to a hold rating in a research note to investors on Friday, November 1st. They now have a $106.00 price target on the stock, up previously from $92.00. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $141.62.
Advance Auto Parts (NYSE:AAP) opened at 97.67 on Wednesday. Advance Auto Parts has a one year low of $70.02 and a one year high of $102.82. The stock’s 50-day moving average is $94.26 and its 200-day moving average is $85.46. The company has a market cap of $7.105 billion and a price-to-earnings ratio of 17.67.
Advance Auto Parts (NYSE:AAP) last released its earnings data on Thursday, October 31st. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Advance Auto Parts will post $5.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Wednesday, December 18th.
Advance Auto Parts, Inc (NYSE:AAP) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.
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