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

Advance Auto Parts, Inc. (NYSE:AAP) has received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.88.

AAP has been the topic of several research reports. Barclays dropped their target price on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Wedbush reissued an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Evercore ISI raised their target price on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group dropped their target price on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, Citigroup raised their target price on Advance Auto Parts from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday.

Advance Auto Parts Trading Down 2.0 %

Advance Auto Parts stock opened at $43.46 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts has a one year low of $35.59 and a one year high of $88.56. The stock has a market capitalization of $2.60 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. The business’s fifty day moving average is $46.21 and its 200 day moving average is $44.40.

Insiders Place Their Bets

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the sale, the executive vice president now owns 24,266 shares of the company’s stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $14,684,000. Wolverine Asset Management LLC boosted its holdings in shares of Advance Auto Parts by 212.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company’s stock worth $1,223,000 after purchasing an additional 21,320 shares during the period. Blue Trust Inc. boosted its holdings in shares of Advance Auto Parts by 75.9% in the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after purchasing an additional 914 shares during the period. Quest Partners LLC purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $579,000. Finally, Moody National Bank Trust Division purchased a new position in shares of Advance Auto Parts in the 4th quarter worth approximately $1,196,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

About Advance Auto Parts

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.