Wells Fargo Keeps a Hold Rating on Advance Auto Parts (AAP)


In a report released today, Zachary Fadem from Wells Fargo maintained a Hold rating on Advance Auto Parts (AAP). The company’s shares closed last Monday at $75.03, close to its 52-week low of $73.74.

According to TipRanks.com, Fadem is a 3-star analyst with an average return of 0.1% and a 50.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Michaels Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advance Auto Parts with a $150.13 average price target, a 73.6% upside from current levels. In a report issued on March 19, Nomura also maintained a Hold rating on the stock with a $115.00 price target.

See today’s analyst top recommended stocks >>

Based on Advance Auto Parts’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $95.91 million. In comparison, last year the company had a net profit of $53.44 million.

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 both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts