Advance Auto Parts (NYSE:AAP) Price Target Lowered to $159.00 at Citigroup

Advance Automobile Components (NYSE:AAP – Get Ranking) experienced its rate focus on lower by analysis analysts at Citigroup from $161.00 to $159.00 in a analysis notice issued to buyers on Friday, The Fly stories. Citigroup’s price tag goal would recommend a prospective upside of 7.71{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} from the company’s previous near.

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AAP has been the subject of numerous other reports. Wells Fargo & Corporation decreased their price concentrate on on shares of Advance Auto Elements from $180.00 to $150.00 and set an “equivalent pounds” score for the firm in a report on Thursday, January 5th. DA Davidson dropped their focus on cost on shares of Advance Vehicle Sections from $200.00 to $170.00 in a report on Thursday, November 17th. Royal Lender of Canada slice their goal cost on Advance Automobile Pieces from $199.00 to $165.00 and established a “sector accomplish” rating on the inventory in a investigation take note on Thursday, November 17th. Guggenheim reduced Advance Vehicle Areas from a “obtain” ranking to a “neutral” ranking in a study report on Thursday, November 17th. Finally, Argus lower their rate goal on Advance Vehicle Areas from $220.00 to $185.00 in a study report on Monday, December 5th. 9 exploration analysts have rated the inventory with a keep rating, 4 have presented a invest in ranking and a person has given a potent invest in rating to the inventory. In accordance to information from MarketBeat.com, the company presently has an regular rating of “Keep” and a consensus rate target of $189.88.

Progress Vehicle Elements Inventory Functionality

Progress Auto Areas inventory opened at $147.62 on Friday. The agency has a fifty day straightforward transferring regular of $147.71 and a two-hundred day very simple moving common of $168.78. Progress Automobile Parts has a twelve month very low of $138.52 and a twelve thirty day period higher of $237.39. The business has a sector capitalization of $8.87 billion, a PE ratio of 18.97, a P/E/G ratio of .88 and a beta of 1.15. The enterprise has a rapid ratio of .23, a present ratio of 1.13 and a credit card debt-to-equity ratio of .44.

Progress Car Sections (NYSE:AAP – Get Score) last unveiled its earnings outcomes on Tuesday, November 15th. The organization reported $2.84 earnings for every share for the quarter, lacking analysts’ consensus estimates of $3.32 by ($.48). Progress Automobile Pieces experienced a internet margin of 4.30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on fairness of 25.97{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. The firm had profits of $2.64 billion throughout the quarter, compared to the consensus estimate of $2.66 billion. Study analysts be expecting that Progress Vehicle Parts will article 12.59 EPS for the present 12 months.

Institutional Trading of Progress Car Components

A quantity of hedge resources and other institutional investors have recently modified their holdings of the small business. Covestor Ltd grew its holdings in Advance Auto Parts by 113.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the very first quarter. Covestor Ltd now owns 156 shares of the company’s stock well worth $32,000 soon after buying an supplemental 83 shares throughout the period of time. Ellevest Inc. increased its situation in Advance Vehicle Areas by 161.{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} through the 2nd quarter. Ellevest Inc. now owns 201 shares of the company’s stock valued at $35,000 immediately after shopping for an additional 124 shares in the previous quarter. Private Rely on Co. NA bought a new situation in Advance Car Pieces through the 2nd quarter valued at $36,000. Central Bank & Rely on Co. lifted its stake in Advance Auto Parts by 61.6{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} all through the second quarter. Central Bank & Belief Co. now owns 223 shares of the firm’s inventory valued at $39,000 right after purchasing an additional 85 shares during the final quarter. Ultimately, Initial Personal Economical Services grew its stake in shares of Advance Car Areas by 113.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Initial Private Monetary Services now owns 224 shares of the firm’s stock value $35,000 soon after buying an extra 119 shares in the course of the previous quarter. 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the stock is owned by hedge cash and other institutional traders.

About Progress Automobile Components

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Progress Auto Components, Inc provides automotive replacement components, extras, batteries, and routine maintenance merchandise for domestic and imported autos, vans, sport utility autos, and light-weight and large duty vans. The company delivers battery accessories belts and hoses brakes and brake pads chassis and local weather management parts clutches and travel shafts engines and engine components exhaust techniques and elements hub assemblies ignition factors and wires radiators and cooling sections starters and alternators and steering and alignment sections.