Brokerage Firm Rating Update on Advance Auto Parts Inc (AAP)

Advance Auto Parts Inc (AAP) : Zacks Investment Research ranks Advance Auto Parts Inc (AAP) as 5, which is a Strong Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.39, which indicates as a Buy.

Advance Auto Parts Inc (AAP) : The most positive equity analysts on Advance Auto Parts Inc (AAP) expects the shares to touch $192, whereas, the least positive believes that the stock will trade at $130 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $167.11 with an expected fluctuation of $18.88 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Deutsche Bank maintains its rating on Advance Auto Parts Inc (NYSE:AAP).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new 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): The stock opened at $160.3 and touched an intraday high of $162.2799 on Wednesday. During the day, the stock corrected to an intraday low of $160.0203, however, the bulls stepped in and pushed the price higher to close in the green at $161.88 with a gain of 1.09% for the day. The total traded volume for the day was 908,623. The stock had closed at $160.14 in the previous trading session.

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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