Advance Auto Parts Inc [AAP] stock prices are up 2.82% to $81.77 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AAP shares have gain 11.89% over the last week, with a monthly amount glided 27.25%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Advance Auto Parts Appoints Three New Independent Directors. In a post published today on Yahoo Finance, Enters into Cooperation Agreement with Third Point LLC and Saddle Point Management L.P.
From an analyst’s perspective:
Previously, BofA Securities downgraded its rating to Underperform on November 16, 2023, and dropped its price target to $43. On October 10, 2023, TD Cowen initiated with a Market Perform rating and assigned a price target of $55 on the stock. Atlantic Equities downgraded its rating to a Underweight and decreased its price target to $50 on July 10, 2023. Northcoast initiated its recommendation with a Neutral. Raymond James downgraded its rating to Mkt Perform for this stock on June 01, 2023. In a note dated June 01, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $165 to $84.
The stock price of Advance Auto Parts Inc [AAP] has been fluctuating between $47.73 and $129.90 over the past year. Currently, Wall Street analysts expect the stock to reach $211.75 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $81.77 at the most recent close of the market. An investor can expect a potential return of 158.96% based on the average AAP price forecast.
Analyzing the AAP fundamentals
The Advance Auto Parts Inc [NYSE:AAP] reported sales of 11.29B for trailing twelve months, representing a drop of -0.36%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
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 79.83 points at the first support level, and at 77.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.80, and for the 2nd resistance point, it is at 83.83.
Advance Auto Parts Inc [AAP] reported earnings per share of -$0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of -$0.81 and a surprise factor of -368.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.82 per share as compared to estimates of $1.45 per share, a difference of -$2.27 representing a surprise of -156.60%.
Ratios To Look Out For
It’s worth pointing out that Advance Auto Parts Inc [NYSE:AAP]’s Current Ratio is 1.20. On the other hand, the Quick Ratio is 0.29, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 110.44.
Transactions by insiders
Recent insider trading involved Soler Kristen L, EVP, Chief HR Officer, that happened on Dec 08 ’23 when 500.0 shares were purchased. EVP, Chief HR Officer, Soler Kristen L completed a deal on Dec 05 ’23 to buy 1000.0 shares. Meanwhile, Director LEE EUGENE I JR bought 8670.0 shares on Sep 13 ’23.
