RBC Capital analyst Scot Ciccarelli reiterated a Buy rating on Advance Auto Parts (NYSE: AAP) yesterday and set a price target of $181. The company’s shares closed yesterday at $169.48, close to its 52-week high of $169.59.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 18.5% and a 75.0% 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 Moderate Buy with an average price target of $167.80.
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The company has a one-year high of $169.59 and a one-year low of $78.81. Currently, Advance Auto Parts has an average volume of 930.9K.
Based on the recent corporate insider activity of 93 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.
