News stories about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Advance Auto Parts earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.5516614165908 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Advance Auto Parts (NYSE:AAP) traded down $0.70 on Friday, reaching $116.59. The company had a trading volume of 251,140 shares, compared to its average volume of 1,374,305. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $169.55. The stock has a market cap of $8,650.00, a PE ratio of 24.48, a P/E/G ratio of 1.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.73 EPS. equities analysts anticipate that Advance Auto Parts will post 5.25 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a $0.06 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.24 annualized dividend and a yield of 0.21%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 5.03%.
Several analysts have issued reports on AAP shares. Zacks Investment Research raised shares of Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. BTIG Research restated a “sell” rating and set a $75.00 price objective (down from $90.00) on shares of Advance Auto Parts in a research note on Wednesday, October 25th. Morgan Stanley raised their target price on Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $109.91.
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About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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