At the time of writing, Advance Auto Parts Inc [AAP] stock is trading at $40.94, up 2.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AAP shares have gain 5.41% over the last week, with a monthly amount glided 3.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wedbush upgraded its rating to Outperform on October 15, 2024, and kept the price target unchanged to $55. On March 19, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $78 on the stock. BofA Securities downgraded its rating to a Underperform and reduced its price target to $43 on November 16, 2023. TD Cowen started tracking with a Market Perform rating for this stock on October 10, 2023, and assigned it a price target of $55. In a note dated July 10, 2023, Atlantic Equities downgraded an Underweight rating on this stock and revised its target price from $130 to $50.
For the past year, the stock price of Advance Auto Parts Inc fluctuated between $35.59 and $88.56. Currently, Wall Street analysts expect the stock to reach $155.41 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $40.94 at the most recent close of the market. An investor can expect a potential return of 279.6% based on the average AAP price forecast.
Analyzing the AAP fundamentals
According to Advance Auto Parts Inc [NYSE:AAP], the company’s sales were 11.27B for trailing twelve months, which represents an -0.11% plunge. 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 0.0 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 40.19 points at the first support level, and at 39.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.58, and for the 2nd resistance point, it is at 42.21.
Ratios To Look Out For
It is important to note that Advance Auto Parts Inc [NYSE:AAP] has a current ratio of 1.23. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 3529.31.
Transactions by insiders
Recent insider trading involved Jones Jeffrey J II, Director, that happened on Oct 25 ’24 when 69.0 shares were purchased. EVP, Chief HR Officer, Soler Kristen L completed a deal on Jun 03 ’24 to buy 450.0 shares. Meanwhile, Director Windom Brent bought 4700.0 shares on Mar 27 ’24.
