Analyst Price Target Update on Advance Auto Parts Inc (NYSE:AAP)

Advance Auto Parts Inc (NYSE:AAP) stock has received a short term price target of $ 166.4 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $20.68. The higher estimate of target price is $200 , while the lower price target estimate is $130

Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on Advance Auto Parts Inc (NYSE:AAP). The shares have now been rated Sell by the stock experts at the ratings house. BTIG Research announces the current price target of $120 per share on Advance Auto Parts Inc. The rating by the firm was issued on June 1, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Advance Auto Parts Inc, Smith Jeffrey C, had purchased 397,624 shares in a transaction dated on June 8, 2016. The transaction was executed at $155.06 per share with total amount equaling $61,655,577.

Advance Auto Parts Inc (NYSE:AAP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.47 points or 0.31% at $152.55 with 886,365 shares getting traded. Post opening the session at $152.49, the shares hit an intraday low of $152.49 and an intraday high of $155.07 and the price was in this range throughout the day. The company has a market cap of $11,221 million and the number of outstanding shares have been calculated to be 73,556,053 shares. The 52-week high of Advance Auto Parts Inc (NYSE:AAP) is $201.24 and the 52-week low is $131.59.

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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