Advance Auto Parts tops 3Q profit forecasts

Advance Auto Parts tops 3Q profit forecasts

Richmond Hill Investments holds 88,797 shares. Analysts have a mean recommendation of 2.60 on this stock. Year to date, Advance Auto Parts has lost about 40.3% of its value. AAP reported revenue of $2.18 billion in the third quarter of 2017, which is down from the $2.25 from the third quarter of 2016. Thrivent Financial For Lutherans boosted its stake in Advance Auto Parts by 6.3% during the 1st quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Advance Auto Parts by 0.3% in the 2nd quarter. UBS maintained the shares of AAP in report on Friday, February 5 with "Buy" rating. Advance Auto Parts Inc. had 83 analyst reports since August 5, 2015 according to SRatingsIntel. The number of shares now owned by investors are 73.85 mln.

Exciting times ahead? Investors in Advance Auto Parts have been patiently waiting for the uptick in earnings and if you believe the analysts covering the stock then the following year will be very interesting.

Several brokerages have recently commented on AAP. It has been assigned a low target price of $75 and a high target price of $154. As per Wednesday, February 22, the company rating was maintained by Barclays Capital. Royal Bank Of Canada dropped their price objective on shares of Advance Auto Parts from $125.00 to $102.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 16th.

The market capitalization of Advance Auto Parts Inc.is at $6.08 Billion.

AAP is now undervalued by -21.35% relative to the average 1-year price target of $104.61 taken from a group of Wall Street Analysts. Advance Auto Parts has a twelve month low of $78.81 and a twelve month high of $177.83.

The average 1-year price target for Advance Auto Parts, Inc. This number lands on a scale from 1 to 5.

(NYSE:AAP) stock was flying high today following the release of its earnings report for the third quarter of 2017.

In terms of earnings per share, 23 analysts have a 0.74 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 15 analysts have a 1.92 EPS mean target and for the quarter ending Mar-18 there are 27 estimates of 5.13 EPS. The Return on Assets for Advance Auto Parts, Inc. The Teacher Retirement System Of Texas holds 61,817 shares with $11.06M value, up from 55,691 last quarter. Shareholders of record on Friday, December 22nd will be given a dividend of 0.06 per share on Friday, January 5th. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%.

WARNING: "Jennison Associates LLC Has $59.01 Million Position in Advance Auto Parts Inc (AAP)" was first posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright laws. Mitsubishi Ufj Tru & Corporation invested 0.03% of its portfolio in Advance Auto Parts, Inc. 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. (NYSE:AAP). Parametric Port Assoc Lc holds 170,107 shares.

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