Can analysts adopt a bullish outlook for Advance Auto Parts, Inc. (NYSE:AAP)?

July 18, 2017 - By Vivian Currie

 Can analysts adopt a bullish outlook for Advance Auto Parts, Inc. (NYSE:AAP)?
Investors sentiment increased to 1.05 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. It is positive, as 50 investors sold Advance Auto Parts, Inc. shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported.
Wells Fargo Com Mn reported 0.04% stake. Concourse Capital Mgmt Ltd reported 12,506 shares. Falcon Edge Capital Ltd Partnership owns 165,100 shares. Eaton Vance Mngmt has 0.17% invested in Advance Auto Parts, Inc. (NYSE:AAP). Ngam Advisors L P holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 10,464 shares. 100 were reported by Baystate Wealth Ltd. Tarbox Group Inc Incorporated has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). 1,986 were reported by Veritable Limited Partnership. Raymond James Service Advsrs has 22,162 shares. Richmond Hill Invests Lc stated it has 55,502 shares or 5.52% of all its holdings. Apg Asset Mngmt Nv owns 107,696 shares for 0.03% of their portfolio. Nokota Mgmt Lp holds 1.22% or 175,415 shares. Ny State Teachers Retirement System reported 0.05% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Johnson Financial Grp Inc Inc holds 1,298 shares or 0.04% of its portfolio. Zuckerman Lc stated it has 2.57% in Advance Auto Parts, Inc. (NYSE:AAP).

Since March 7, 2017, it had 7 insider purchases, and 2 insider sales for $47.37 million activity. Shares for $1.00 million were bought by Greco Thomas on Tuesday, March 7. Another trade for 367 shares valued at $49,648 was bought by Karaboutis Adriana. LEE EUGENE I JR also bought $250,481 worth of Advance Auto Parts, Inc. (NYSE:AAP) shares. The insider Carter William Harrison sold $411,113. The insider Smith Jeffrey C bought 350,000 shares worth $47.00M. Tyson Charles E sold $2.91M worth of stock or 18,944 shares.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 23 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. Advance Auto Parts Inc. has $217 highest and $93 lowest target. $168.35’s average target is 65.47% above currents $101.74 stock price. Advance Auto Parts Inc. had 60 analyst reports since August 5, 2015 according to SRatingsIntel. Sterne Agee CRT downgraded the shares of AAP in report on Friday, November 13 to “Neutral” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Outperform” rating by Wedbush on Thursday, July 6. BTIG Research maintained Advance Auto Parts, Inc. (NYSE:AAP) on Thursday, June 22 with “Sell” rating. The firm has “Outperform” rating given on Friday, February 12 by RBC Capital Markets. The rating was maintained by Morgan Stanley on Friday, May 20 with “Overweight”. The firm earned “Underperform” rating on Friday, July 7 by Bank of America. The firm earned “Hold” rating on Monday, June 26 by Jefferies. The firm has “Outperform” rating given on Thursday, September 8 by RBC Capital Markets. Sterne Agee CRT maintained the shares of AAP in report on Friday, August 14 with “Buy” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Sell” rating given on Monday, May 29 by Barclays Capital. Below is a list of Advance Auto Parts, Inc. (NYSE:AAP) latest ratings and price target changes.

17/07/2017 Broker: Credit Suisse Rating: Buy New Target: $135.0000 Maintain
13/07/2017 Broker: BTIG Research Rating: Sell New Target: $109.0000 Downgrade
07/07/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
07/07/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
06/07/2017 Broker: Barclays Capital Rating: Underweight Old Target: $120.00 New Target: $93.00 Target Up
06/07/2017 Broker: Wedbush Rating: Outperform Maintain
26/06/2017 Broker: Jefferies Rating: Hold New Target: $150.0000 Maintain
26/06/2017 Broker: Credit Suisse Rating: Buy New Target: $150.0000
06/07/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $153.00 New Target: $125.00 Maintain
22/06/2017 Broker: BTIG Research Rating: Sell Old Target: $120.00 New Target: $109.00 Maintain

The stock decreased 0.29% or $0.3 on July 17, reaching $101.74. About shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since July 18, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers. The company has market cap of $7.49 billion. The Company’s stores and branches offer a selection of brand name, original equipment maker (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It has a 18.46 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Nasdaq.com which released: “Advance Auto Parts Enters Oversold Territory (AAP)” on June 21, 2017, also Benzinga.com with their article: “Advance Auto Parts A ‘Fixer Upper’ Story At An Attractive Entry Point” published on July 07, 2017, Nasdaq.com published: “Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for June 21, 2017” on June 20, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Seekingalpha.com and their article: “Can Advance Auto Parts, Inc. Turn Around?” published on July 05, 2017 as well as Usatoday.com‘s news article titled: “Advance Auto Parts cuts 475 jobs as sales waver” with publication date: June 27, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.