In a report released today, Chris Graja from Argus Research maintained a Buy rating on Advance Auto Parts (NYSE: AAP), with a price target of $155. The company’s shares closed yesterday at $135.86, close to its 52-week high of $143.42.
According to TipRanks.com, Graja is a 3-star analyst with an average return of 4.8% and a 56.8% success rate. Graja covers the Services sector, focusing on stocks such as Wal-Mart Stores Inc, AutoZone, and Costco.
Advance Auto Parts has an analyst consensus of Strong Buy, with a price target consensus of $141.86, which is a 4.4% upside from current levels. In a report issued on June 22, UBS also reiterated a Buy rating on the stock with a $160 price target.
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The company has a one-year high of $143.42 and a one-year low of $78.81. Currently, Advance Auto Parts has an average volume of 1.1M.
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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.
