In a report released today, Zachary Fadem from Wells Fargo maintained a Hold rating on Advance Auto Parts (AAP). The company’s shares closed on Friday at $153.22.
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 4.6% and a 60.2% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Michaels Companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advance Auto Parts with a $199.91 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.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock.
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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.
