Credit Suisse Keeps a Buy Rating on Advance Auto Parts (AAP)


Credit Suisse analyst Seth Sigman maintained a Buy rating on Advance Auto Parts (AAP) yesterday and set a price target of $195. The company’s shares closed yesterday at $167.14.

According to TipRanks.com, Sigman is a 1-star analyst with an average return of -0.7% and a 49.4% success rate. Sigman covers the Services sector, focusing on stocks such as Michaels Companies, Bed Bath & Beyond, and Williams-Sonoma.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advance Auto Parts with a $192.40 average price target.

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Based on Advance Auto Parts’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $116 million. In comparison, last year the company had a net profit of $185 million.

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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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