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Advance Auto Parts (AAP) Receives a Hold from TD Cowen

Tipranks - Tipranks - Sat May 23, 12:28AM CDT

In a report released yesterday, Max Rakhlenko from TD Cowen maintained a Hold rating on Advance Auto Parts. The company’s shares closed yesterday at $58.62.

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Advance Auto Parts has an analyst consensus of Hold, with a price target consensus of $59.20, implying a 0.99% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $57.00 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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