Analyst Rating Update on Advance Auto Parts Inc (AAP)

Advance Auto Parts Inc (NYSE:AAP) : The consensus on Advance Auto Parts Inc (NYSE:AAP) based on 19 analyst recommendation on the company stock is 2.24, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Advance Auto Parts Inc (NYSE:AAP) : The most positive equity analysts on Advance Auto Parts Inc (NYSE:AAP) expects the shares to touch $200, whereas, the least positive believes that the stock will trade at $130 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $166.4 with an expected fluctuation of $20.68 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on Advance Auto Parts Inc (NYSE:AAP).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, BTIG Research announces the price target of $120 per share. The rating by the firm was issued on June 1, 2016.

Advance Auto Parts Inc (NYSE:AAP): stock turned positive on Tuesday. Though the stock opened at $154.87, the bulls momentum made the stock top out at $157.16 level for the day. The stock recorded a low of $154.28 and closed the trading day at $156.98, in the green by 2.08%. The total traded volume for the day was 1,533,726. The stock had closed at $153.78 in the previous days trading.

In an insider trading activity, Smith Jeffrey C, director of Advance Auto Parts Inc, executed a transaction worth $61,655,577 on June 8, 2016. A total of 397,624 shares were purchased at an average price of $155.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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