RBC Capital Remains a Hold on Advance Auto Parts (AAP)
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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- Advance Auto Parts price target raised to $48 from $40 at BofA
- Advance Auto Parts price target raised to $64 from $61 at JPMorgan
- Sell Rating Maintained Amid Uncertain Earnings Conversion and Mixed Demand Trends
- Advance Auto Parts Earnings Call Marks Margin Rebound
- Advance Auto Parts’ Heavy Debt Load Raises Liquidity, Refinancing and Turnaround Risks
