Advance Auto Parts (AAP) Receives a Hold from Oppenheimer


Oppenheimer analyst Brian Nagel maintained a Hold rating on Advance Auto Parts (AAP) today. The company’s shares closed yesterday at $177.75, close to its 52-week high of $186.15.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.8% and a 56.2% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Lumber Liquidators.

Currently, the analyst consensus on Advance Auto Parts is a Moderate Buy with an average price target of $197.45, representing an 11.1% upside. In a report issued on November 13, Wells Fargo also maintained a Hold rating on the stock with a $190 price target.

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Advance Auto Parts’ market cap is currently $12.96B and has a P/E ratio of 23.76. The company has a Price to Book ratio of 3.54.

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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.

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