Economy

Stock Roaring Upward Mid-Session: Advance Auto Parts, Inc. (NYSE:AAP)

Stock Roaring Upward Mid-Session: Advance Auto Parts, Inc. (NYSE:AAP)

(NYSE:AAP) shares were trading higher by 1.31 percent ($1.06) at $82.28 a piece in Monday's session. The institutional investor owned 61,260 shares of the company's stock after acquiring an additional 21,062 shares during the period. The other 16, though not evenly; between analysts who think you should buy Advance Auto Parts, Inc. versus those who think you should sell it.

The collective rating of 2.6 for Advance Auto Parts, Inc. 1,200 Advance Auto Parts, Inc. The stock traded on unusually shows upbeat performance surged volume of 3.89 Million comparing to the average volume of 2247.96 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The same period of a year ago reportedly had EPS of $1.73 and $2.24. The number of shares now owned by investors are 73.85 mln.

On the books, Advance Auto Parts cash and cash equivalents totaled $363.3 million at the end of the quarter, up from $135.18 million at the end of the previous fiscal year. For the quarter, shares are performing at -5.51%. (NYSE:AAP) for 242 shares. Advance Auto Parts has an average rating of "Hold" and an average target price of $116.44. On October 25 BTIG Research held the stock rating at "Sell" targeting a price of $75.00. Of the 26 analysts surveyed by Reuters that track AAP 10 of them rate its stock a hold. (NYSE:AAP) earned "Hold" rating by Robert W. Baird on Wednesday, September 20. The ratio is calculated by dividing the market price per share by book value per share. ICICI Bank Limited is given 1 buy-equivalent recommendations, 0 sells and 0 holds. Credit Suisse Group set a $100.00 price objective on shares of Advance Auto Parts and gave the company a "buy" rating in a research note on Wednesday, August 16th. As of December 31, 2016, the Business's Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names. The stock declined 1.39% or $3.29 reaching $234.08 on the news. (NYSE:AAP) has a beta of 0.91, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. Current price level places the company's stock about -53.73% from the 52-week high and 4.4% away from the 52-week low.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, November 14th.

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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. Advance Auto Parts, Inc.

Revenues fell 3.0% from a year ago to $2.18 billion, however, falling short of analysts' view for $2.21 billion.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. (NYSE:AAP) has a Shareholder Yield of -0.000784 and a Shareholder Yield (Mebane Faber) of 0.02131. Advance Auto Parts's dividend payout ratio (DPR) is now 4.80%. Finally, State of Tennessee Treasury Department lifted its stake in Advance Auto Parts by 0.3% in the 2nd quarter.

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers.


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