Advance Auto Parts, Inc. Share Price Target ‘$56.60’, now -15.5% Downside Potential

Broker Ratings
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Advance Auto Parts, Inc. which can be found using ticker (AAP) now have 20 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The range between the high target price and low target price is between $98.00 and $32.00 calculating the mean target share price we have $56.60. (at the time of writing). Given that the stocks previous close was at $66.96 this indicates there is a potential downside of -15.5%. Also worth taking note is the 50 day moving average now sits at $59.25 and the 200 moving average now moves to $71.70. The company has a market cap of 4.00B. The stock price for the company is currently $67.25 USD

The potential market cap would be $3,382,398,905 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 19.55, revenue per share of $190.12 and a 2% return on assets.

Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers and do-it-yourself (DIY) customers. Its stores and branches offer a selection of brand names, original equipment manufacturers (OEM), and brand-owned automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty trucks. It operates approximately 4,770 stores and 316 branches within the United States, Canada, Puerto Rico, and the United States Virgin Islands. The Company operates through four trade names: Advance Auto Parts, Autopart International, Carquest, and Worldpac. Its Advance Auto Parts focus on both professional and DIY customers. The stores carry a variety of products serving aftermarket auto part needs for both domestic and import vehicles. Its Autopart International operates in the North-eastern and Mid-Atlantic regions of the United States.

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