D.A. Davidson Keeps Their Hold Rating on Advance Auto Parts (AAP)
D.A. Davidson analyst Michael Baker reiterated a Hold rating on Advance Auto Parts yesterday. The company’s shares closed yesterday at $52.75.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Baker is a 4-star analyst with an average return of 5.2% and a 53.88% success rate. Baker covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, Citi Trends, and Home Depot.
The word on The Street in general, suggests a Hold analyst consensus rating for Advance Auto Parts with a $58.58 average price target, implying an 11.05% upside from current levels. In a report released on March 23, TipRanks – Google also reiterated a Hold rating on the stock with a $48.00 price target.
Based on Advance Auto Parts’ latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $1.97 billion and a net profit of $6 million. In comparison, last year the company earned a revenue of $2 billion and had a GAAP net loss of $414.78 million
Read More on AAP:
Disclaimer & DisclosureReport an Issue
- Advance Auto Parts put volume heavy and directionally bearish
- Advance Auto Parts Adds Cynthia Jamison to Board
- Advance Auto Parts price target raised to $57 from $55 at Roth Capital
- Advance Auto Parts price target raised to $57 from $48 at Truist
- Advance Auto Parts price target raised to $63 from $57 at RBC Capital
