RBC Capital analyst Scot Ciccarelli reiterated a Buy rating on Advance Auto Parts (AAP) yesterday and set a price target of $194. The company’s shares closed yesterday at $167.14.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 16.9% and a 73.4% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advance Auto Parts with a $193.80 average price target, implying a 16.0% upside from current levels. In a report issued on February 12, Credit Suisse also upgraded the stock to Buy with a $195 price target.
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The company has a one-year high of $186.15 and a one-year low of $102.15. Currently, Advance Auto Parts has an average volume of 1.2M.
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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.
