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

October 3, 2017 - By Adrian Erickson

 Can analysts adopt a bullish outlook for Advance Auto Parts, Inc. (NYSE:AAP)?
Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.04, from 1.03 in 2017Q1. It improved, as 69 investors sold Advance Auto Parts, Inc. shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. 76.44 million shares or 3.29% more from 74.00 million shares in 2017Q1 were reported.
Proshare Advsr Limited Liability Company holds 5,985 shares. Glg Ltd Llc reported 43,646 shares. 1,808 are held by Bnp Paribas Asset Mgmt Holdg. Mutual Of America Capital Mngmt Ltd Co owns 8,919 shares. Westpac Bk accumulated 0% or 8,584 shares. Moreover, Nokota Mgmt Ltd Partnership has 0.79% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 240,163 shares. Advsr Asset Mngmt Inc holds 0.01% in Advance Auto Parts, Inc. (NYSE:AAP) or 5,676 shares. Profund Advsrs Ltd Liability holds 2,605 shares. Tt reported 0.4% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Veritable Lp invested in 2,008 shares. Wolverine Asset Management Limited Liability Company owns 15,000 shares. First Republic Invest Mgmt Incorporated has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Liberty Mutual Group Inc Asset Mngmt Inc, Massachusetts-based fund reported 4,936 shares. Farmers And Merchants Invs Inc has invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Cibc Asset reported 14,680 shares or 0.01% of all its holdings.

Since May 26, 2017, it had 6 buys, and 0 selling transactions for $49.68 million activity. On Tuesday, May 30 Buss Brad W bought $161,364 worth of Advance Auto Parts, Inc. (NYSE:AAP) or 1,200 shares. Greco Thomas bought $2.15M worth of stock or 16,000 shares. Slone Reuben E also bought $67,435 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, May 30. Shares for $47.00 million were bought by Smith Jeffrey C. Another trade for 1,895 shares valued at $250,481 was made by LEE EUGENE I JR on Friday, May 26.

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

Among 26 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Advance Auto Parts Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Vetr given on Tuesday, August 25. On Wednesday, August 5 the stock rating was maintained by UBS with “Buy”. As per Thursday, June 22, the company rating was maintained by BTIG Research. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 14. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Sell” rating by BTIG Research on Thursday, July 13. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, September 8 report. Susquehanna initiated Advance Auto Parts, Inc. (NYSE:AAP) on Friday, August 26 with “Neutral” rating. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, April 6. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Market Perform” rating by Raymond James on Thursday, May 5. Oppenheimer maintained the shares of AAP in report on Tuesday, August 15 with “Hold” rating. Below is a list of Advance Auto Parts, Inc. (NYSE:AAP) latest ratings and price target changes.

20/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $95.0 Maintain
18/09/2017 Broker: Argus Research Rating: Buy Old Target: $15.00 New Target: $13.00 Maintain
12/09/2017 Broker: Citigroup Rating: Sell New Target: $82.0 Downgrade
11/09/2017 Broker: Jefferies Rating: Buy New Target: $130.0 Maintain
05/09/2017 Broker: Bank of America Rating: Underperform New Target: $87.5 Maintain
24/08/2017 Broker: UBS Rating: Buy New Target: $118.0 Maintain
21/08/2017 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal Weight New Target: $90.00 Upgrade
16/08/2017 Broker: Deutsche Bank Rating: Buy New Target: $101.0
16/08/2017 Broker: Barclays Capital Rating: Underweight Old Target: $93 New Target: $90 Maintain
16/08/2017 Broker: Bank of America Rating: Underperform Old Target: $90 New Target: $77 Maintain

About 436,334 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since October 3, 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 $7.30 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 19.73 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: Investorplace.com which released: “Trade of the Day: Advance Auto Parts, Inc. (AAP)” on September 20, 2017, also Nasdaq.com with their article: “Should You Get Rid of Advance Auto Parts (AAP) Now?” published on September 13, 2017, Seekingalpha.com published: “Auto names roar after M&A buzz” on September 25, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Prnewswire.com and their article: “Stock Performance Review on Services Sector — AutoZone, O’Reilly Automotive …” published on September 08, 2017 as well as Nasdaq.com‘s news article titled: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” with publication date: September 15, 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.