Impact of Brokerage Rating on Advance Auto Parts Inc(AAP)

Many Advance Auto Parts Inc(AAP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Advance Auto Parts was Initiated by Guggenheim to Neutral on Jan 18, 2017. Advance Auto Parts was Downgraded by BofA/Merrill to Neutral on Jan 13, 2017. Advance Auto Parts was Initiated by Atlantic Equities to Overweight on Dec 14, 2016.

Company has reported several Insider transactions to the SEC, on Sep 6, 2016, Jeffrey C Smith (director) purchased 70,000 shares at 158.76 per share price.On Aug 31, 2016, Robert B Cushing (EVP, Commercial) purchased 1,500 shares at 156.66 per share price.On Aug 30, 2016, Charles E Tyson (EVP, Merch, Mktg & Supply Chn) purchased 633 shares at 157.75 per share price.

Advance Auto Parts Last issued its quarterly earnings results on Nov 14, 2016. The company reported $1.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.71. The company had revenue of $2248.90 million for the quarter, compared to analysts expectations of $2198.35 million. The companys revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.95 EPS.

Advance Auto Parts Inc (NYSE:AAP) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.42 by 18 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Advance Auto Parts Inc (NYSE:AAP): 13 analysts have set the short term price target of Advance Auto Parts Inc (NYSE:AAP) at $177.69. The standard deviation of short term price target has been estimated at $29.26, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 215 and $120 respectively.

Advance Auto Parts Inc (NYSE:AAP) rose 1.22% or 1.98 points on Tuesday and made its way into the gainers of the day. After trading began at $162.39 the stock was seen hitting $164.79 as a peak level and $161.85 as the lowest level. The stock ended up at $164.37. The daily volume was measured at 935,270 shares. The 52-week high of the share price is $177.83 and the 52-week low is $132.98. The company has a market cap of $12,106 million.

Advance Auto Parts, Inc. is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers.

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