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RBC Capital Reaffirms Their Hold Rating on Advance Auto Parts (AAP)

Tipranks - Tipranks - Sat May 23, 6:36AM CDT

RBC Capital analyst Steven Shemesh maintained a Hold rating on Advance Auto Parts yesterday and set a price target of $65.00. The company’s shares closed yesterday at $58.62.

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Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Home Depot, and Lowe’s. According to TipRanks, Shemesh has an average return of -0.7% and a 49.84% success rate on recommended stocks.

Currently, the analyst consensus on Advance Auto Parts is a Hold with an average price target of $59.64, implying a 1.74% upside from current levels. In a report released today, Wells Fargo also assigned a Hold rating to the stock with a $60.00 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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