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RBC Capital Remains a Hold on Advance Auto Parts (AAP)

Tipranks - Tue Feb 17, 8:03PM CST

RBC Capital analyst Steven Shemesh maintained a Hold rating on Advance Auto Parts on February 13 and set a price target of $63.00. The company’s shares closed last Friday at $58.85.

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Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Valvoline, CarMax, and Advance Auto Parts. According to TipRanks, Shemesh has an average return of 1.0% and a 53.24% success rate on recommended stocks.

In addition to RBC Capital, Advance Auto Parts also received a Hold from TipRanks – OpenAI’s OpenAI Specialty Retail in a report issued on February 15. However, on the same day, TipRanks – Anthropic reiterated a Sell rating on Advance Auto Parts (NYSE: AAP).

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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