Advance Auto Parts (AAP) is Initiated by Susquehanna to Neutral, Price Target at $158

Advance Auto Parts (AAP) was Initiated by Susquehanna to “Neutral” and the brokerage firm has set the Price Target at $158. Susquehanna advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Advance Auto Parts. Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 175 from a previous price target of $160 .Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $160 .

On the company’s financial health, Advance Auto Parts reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus of $2.11. The company had revenue of $2256.20 million for the quarter, compared to analysts expectations of $2243.50 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.27 EPS.

Advance Auto Parts closed down -0.53 points or -0.33% at $157.94 with 9,96,185 shares getting traded on Tuesday. Post opening the session at $159.37, the shares hit an intraday low of $157.76 and an intraday high of $159.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 23, 2016, John Francis Ferraro (director) purchased 500 shares at $160.28 per share price. According to the SEC, on Aug 23, 2016, Thomas Greco (CEO) purchased 6,250 shares at $159.56 per share price. On Aug 22, 2016, John F Bergstrom (director) purchased 633 shares at $157.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Advance Auto Parts Inc. is a provider of automotive aftermarket parts. The company’s 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 Company’s operations are comprised of 5261 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.

Advance Auto Parts

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