In a report released today, Scot Ciccarelli from RBC Capital reiterated a Buy rating on Advance Auto Parts (AAP), with a price target of $187. The company’s shares closed yesterday at $160.02.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 15.8% and a 69.3% 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.
Currently, the analyst consensus on Advance Auto Parts is a Strong Buy with an average price target of $200, representing a 25.0% upside. In a report issued on January 7, Barclays also upgraded the stock to Buy with a $205 price target.
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Advance Auto Parts’ market cap is currently $11.66B and has a P/E ratio of 21.39. The company has a Price to Book ratio of 3.19.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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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.
