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Advance Auto Parts (AAP) Gets a Hold from Roth MKM

Tipranks - Tipranks - Fri May 22, 7:08AM CDT

In a report released today, Scott Stember from Roth MKM maintained a Hold rating on Advance Auto Parts, with a price target of $57.00.

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Stember covers the Consumer Cyclical sector, focusing on stocks such as Dorman Products, Patrick Industries, and LCI Industries. According to TipRanks, Stember has an average return of 5.2% and a 49.71% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Advance Auto Parts with a $58.22 average price target.

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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

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