Wells Fargo analyst Zachary Fadem maintained a Hold rating on Advance Auto Parts (AAP) today and set a price target of $175. The company’s shares opened today at $166.29.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 11.5% and a 68.3% 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 Moderate Buy analyst consensus rating for Advance Auto Parts with a $181.67 average price target.
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Based on Advance Auto Parts’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $53.44 million. In comparison, last year the company had a net profit of $137 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.
