In a report released yesterday, Ali Faghri from Guggenheim reiterated a Buy rating on Advance Auto Parts (NYSE: AAP), with a price target of $174. The company’s shares opened today at $159.49, close to its 52-week high of $160.63.
According to TipRanks.com, Faghri is a 4-star analyst with an average return of 8.2% and a 66.7% success rate. Faghri covers the Services sector, focusing on stocks such as Penske Automotive Group, Monro Muffler, and CarMax.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advance Auto Parts with a $158.70 average price target, which is a -0.5% downside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $170 price target.
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The company has a one-year high of $160.63 and a one-year low of $78.81. Currently, Advance Auto Parts has an average volume of 1.02M.
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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.
