Stephens Reaffirms Their Hold Rating on Advance Auto Parts (AAP)


Stephens analyst Ben Bienvenu reiterated a Hold rating on Advance Auto Parts (NYSE: AAP) yesterday and set a price target of $155. The company’s shares opened today at $159.49, close to its 52-week high of $160.63.

According to TipRanks.com, Bienvenu is a 2-star analyst with an average return of 0.9% and a 53.3% success rate. Bienvenu covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Kar Auction Services Inc, and United Natural Foods.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $161.20, implying a 1.1% upside from current levels. In a report released yesterday, Citigroup also upgraded the stock to Hold.

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Advance Auto Parts’ market cap is currently $11.71B and has a P/E ratio of 22.09. The company has a Price to Book ratio of 3.23.

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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.

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