Here is how Advance Auto Parts Inc. (AAP) stock might take investors finances to the next level

As of right now, Advance Auto Parts Inc. [AAP] is trading at $191.56, climbing down -1.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AAP shares have gain 0.28% over the last week, with a monthly amount glided 5.39%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Advance Auto Parts Inc. [NYSE: AAP] stock has seen the most recent analyst activity on June 23, 2022, when MKM Partners initiated its Buy rating and assigned the stock a price target of $195. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on January 28, 2022, and set its price target to $239. On January 13, 2022, Truist initiated with a Buy rating and assigned a price target of $273 on the stock. Raymond James reiterated its Strong Buy rating and increased its price target to $275 on November 17, 2021. Morgan Stanley reiterated its recommendation of a Equal-Weight and raised its price target to $235 on November 17, 2021. Jefferies reiterated a Buy rating for this stock on November 17, 2021, and upped its price target to $268. In a note dated November 17, 2021, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $256 to $282.

Through the last year, Advance Auto Parts Inc.’s stock price ranged from $164.00 to $244.55. Currently, Wall Street analysts expect the stock to reach $222.21 within the next 12 months. Advance Auto Parts Inc. [NYSE: AAP] shares were valued at $191.56 at the most recent close of the market. An investor can expect a potential return of 16.0% based on the average price forecast.

Analyzing the AAP fundamentals

For Apple Inc, (AAP), the latest quarter sales were 3.37 billion, which represents an 1.30% increase. Gross Margin for this corporation currently stands at +44.59% with Operating Margin at +8.21%, Pretax Margin comes in at +7.33%, and Net Margin reading is +5.60%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 190.08 points at the first support level, and at 188.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 194.47, and for the 2nd resistance point, it is at 197.37.

Advance Auto Parts Inc. [AAP] reported earnings per share of $3.57 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.59/share, meaning a difference of $-0.02 and a surprise factor of -0.60%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $2.07 per share as compared to estimates of $1.97 per share, a difference of $0.1 representing a surprise of 5.10%.

Ratios To Look Out For

It is important to note that Advance Auto Parts Inc. [NYSE:AAP] has a current ratio of 1.20. In addition, the Quick Ratio stands at 0.31 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 4.75 and the P/E (TTM) ratio is 21.33.

Transactions by insiders

In the past 3 months, 19 insiders have purchased 8,997 shares, and 3 have sold 601 shares. Recent insider trading involved Cushing Robert B, EVP, Professional, that happened on Sep 10 when 3500.0 shares were sold.