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Advance Auto Parts Gets a Hold Rating from Wells Fargo


In a report released today, Zachary Fadem from Wells Fargo maintained a Hold rating on Advance Auto Parts (NYSE: AAP). The company’s shares closed yesterday at $132.73, close to its 52-week high of $133.18.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 9.1% and a 67.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Michaels Companies.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $132.20.

See today’s analyst top recommended stocks >>

Advance Auto Parts’ market cap is currently $9.83B and has a P/E ratio of 19.52. The company has a Price to Book ratio of 2.77.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for professional installers, do-it-yourself customers, and independently owned operators. It offers automotive parts and batteries, accessories and chemicals, and engine maintenance.