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Guggenheim Keeps Their Hold Rating on Advance Auto Parts (AAP)

Tipranks - Tipranks - Thu Feb 19, 4:04PM CST

Guggenheim analyst reiterated a Hold rating on Advance Auto Parts on February 16. The company’s shares closed today at $58.85.

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The word on The Street in general, suggests a Hold analyst consensus rating for Advance Auto Parts with a $57.69 average price target, implying a -1.97% downside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on 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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