In a report released today, Zachary Fadem from Wells Fargo maintained a Hold rating on Advance Auto Parts (AAP), with a price target of $175. The company’s shares opened today at $169.93.
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 7.9% and a 64.8% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Michaels Companies.
Currently, the analyst consensus on Advance Auto Parts is a Moderate Buy with an average price target of $192.40, implying a 13.2% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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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.
