Advance Auto Parts, Inc. (NYSE:AAP) Given Average Rating of “Hold” by Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $47.93.

A number of research firms recently issued reports on AAP. UBS Group increased their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Barclays dropped their target price 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. Royal Bank of Canada dropped their target price on shares of Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Truist Financial dropped their target price on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 15th.

Advance Auto Parts Trading Down 0.5 %

Shares of AAP stock opened at $44.37 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of 60.78, a PEG ratio of 2.18 and a beta of 1.15. Advance Auto Parts has a 1-year low of $35.59 and a 1-year high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The firm’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $44.51.

Insider Buying and Selling

In related news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advance Auto Parts

A number of hedge funds have recently added to or reduced their stakes in AAP. CWM LLC lifted its stake in Advance Auto Parts by 36.8% in the third quarter. CWM LLC now owns 2,333 shares of the company’s stock valued at $91,000 after buying an additional 627 shares during the last quarter. nVerses Capital LLC bought a new stake in Advance Auto Parts in the third quarter valued at $164,000. Blue Trust Inc. lifted its stake in Advance Auto Parts by 56.7% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after buying an additional 436 shares during the last quarter. Raymond James & Associates lifted its stake in Advance Auto Parts by 11.7% in the third quarter. Raymond James & Associates now owns 106,475 shares of the company’s stock valued at $4,151,000 after buying an additional 11,169 shares during the last quarter. Finally, Everence Capital Management Inc. lifted its stake in Advance Auto Parts by 3.7% in the third quarter. Everence Capital Management Inc. now owns 8,330 shares of the company’s stock valued at $325,000 after buying an additional 300 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Company Profile

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.