Advance Auto Parts (NYSE:AAP) Downgraded by Wedbush

Advance Auto Parts (NYSE:AAP) Downgraded by Wedbush

Progress Car Parts (NYSE:AAP – Get Ranking) was downgraded by Wedbush from an “outperform” ranking to a “neutral” score in a exploration report issued to clients and buyers on Thursday, The Fly reports. They presently have a $145.00 concentrate on price on the inventory. Wedbush’s concentrate on price factors to a likely downside of 5.40{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} from the firm’s existing value.

AAP has been the matter of various other research reviews. Citigroup minimize shares of Advance Car Sections from a “purchase” rating to a “neutral” ranking and lowered their price target for the inventory from $216.00 to $161.00 in a investigation observe on Thursday, November 17th. Guggenheim downgraded shares of Advance Vehicle Sections from a “get” score to a “neutral” score in a report on Thursday, November 17th. Royal Financial institution of Canada lowered their focus on price tag on shares of Advance Automobile Sections from $199.00 to $165.00 and established a “sector execute” rating on the inventory in a report on Thursday, November 17th. Morgan Stanley slice their price tag target on shares of Progress Car Pieces from $205.00 to $165.00 and established an “equivalent pounds” ranking on the inventory in a report on Thursday, November 17th. Ultimately, downgraded shares of Advance Vehicle Areas from a “acquire” rating to a “maintain” rating in a report on Wednesday, December 21st. Ten equities exploration analysts have rated the inventory with a hold rating, a few have issued a invest in score and one particular has assigned a potent obtain ranking to the inventory. In accordance to details from, Progress Automobile Sections has an normal rating of “Maintain” and a consensus value concentrate on of $190.00.

Progress Car Pieces Stock Up .9 {49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}

AAP opened at $153.28 on Thursday. The organization has a financial debt-to-equity ratio of .44, a swift ratio of .23 and a present ratio of 1.13. Progress Auto Parts has a fifty-two week minimal of $138.52 and a fifty-two 7 days substantial of $244.20. The firm’s fifty day relocating common is $154.01 and its 200 working day shifting average is $171.06. The inventory has a sector cap of $9.21 billion, a value-to-earnings ratio of 19.70, a value-to-earnings-advancement ratio of .91 and a beta of 1.15.

Progress Auto Areas (NYSE:AAP – Get Score) last declared its quarterly earnings benefits on Tuesday, November 15th. The enterprise noted $2.84 EPS for the quarter, lacking the consensus estimate of $3.32 by ($.48). The company had income of $2.64 billion for the duration of the quarter, as opposed to analysts’ expectations of $2.66 billion. Advance Vehicle Parts had a return on fairness of 25.97{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a net margin of 4.30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. On regular, market-facet analysts forecast that Progress Vehicle Components will post 12.6 earnings for each share for the present fiscal calendar year.

Institutional Buyers Weigh In On Advance Car Components

Many hedge funds have not too long ago modified their holdings of AAP. Non-public Advisor Group LLC obtained a new stake in shares of Progress Vehicle Sections in the 1st quarter worth approximately $232,000. MetLife Financial investment Management LLC lifted its placement in Advance Auto Components by 21.9{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} throughout the very first quarter. MetLife Expense Administration LLC now owns 16,965 shares of the company’s stock valued at $3,511,000 right after buying an more 3,046 shares during the last quarter. Commonwealth of Pennsylvania Community College Empls Retrmt SYS lifted its placement in Advance Vehicle Sections by 5.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} all through the first quarter. Commonwealth of Pennsylvania Public College Empls Retrmt SYS now owns 8,343 shares of the firm’s stock valued at $1,727,000 after getting an added 435 shares all through the very last quarter. Cibc Globe Sector Inc. lifted its position in Progress Auto Areas by 120.6{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} all through the 1st quarter. Cibc Entire world Industry Inc. now owns 11,593 shares of the company’s stock valued at $2,399,000 immediately after getting an additional 6,338 shares throughout the previous quarter. Last but not least, Blair William & Co. IL lifted its posture in Progress Auto Elements by 14.4{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the initially quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock valued at $956,000 just after acquiring an further 582 shares in the course of the very last quarter. Hedge money and other institutional traders individual 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the firm’s stock.

About Progress Car Elements

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Progress Vehicle Areas, Inc gives automotive replacement components, components, batteries, and routine maintenance things for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty vans. The business gives battery accessories belts and hoses brakes and brake pads chassis and local climate manage elements clutches and generate shafts engines and motor components exhaust units and pieces hub assemblies ignition components and wires radiators and cooling areas starters and alternators and steering and alignment elements.

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