Advance Auto Parts Inc (AAP) Receives Price Target

Advance Auto Parts Inc (AAP) : The consensus price target for Advance Auto Parts Inc (AAP) is $167.11 for the short term with a standard deviation of $18.88. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $192, however, the pessimist price target for the company is $130.

Advance Auto Parts Inc (AAP) has an average broker rating of 2.39, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Advance Auto Parts Inc (NYSE:AAP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $180 per share to $175 per share. The rating by the firm was issued on August 17, 2016.

Advance Auto Parts Inc (NYSE:AAP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $158.20 and $157.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $159.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $158.76, notching a gain of 0.88% for the day. The total traded volume was 721,680 . The stock had closed at $157.38 on the previous day.

Advance Auto Parts, Inc. is a provider of automotive aftermarket parts. The companys stores and branches offer a selection of brand name, original equipment manufacturer (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. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3, 2015, the Companys operations are comprised of 5,261 stores and 111 distribution branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac.

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