Are Analysts Bullish Advance Auto Parts, Inc. (NYSE:AAP) After Last Week?

July 18, 2017 - By Linda Rogers

 Are Analysts Bullish Advance Auto Parts, Inc. (NYSE:AAP) After Last Week?
Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.03, from 1.02 in 2016Q3. It increased, as 50 investors sold Advance Auto Parts, Inc. shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported.
Riverhead Capital Management Limited Liability Corp holds 0.02% or 1,978 shares. Atika Mgmt Limited Company has 2.27% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 22,500 shares. Pinnacle Assocs Limited holds 0.09% or 26,505 shares in its portfolio. Edmp holds 1,457 shares or 0.24% of its portfolio. Raymond James Financial Inc reported 22,162 shares stake. Wealthtrust has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP). Thematic Prtnrs Limited Company stated it has 1.51% in Advance Auto Parts, Inc. (NYSE:AAP). Segall Bryant & Hamill Llc holds 7,626 shares or 0.03% of its portfolio. Canada Pension Plan Inv Board stated it has 0% in Advance Auto Parts, Inc. (NYSE:AAP). First Quadrant L P Ca reported 27,600 shares. Citadel Advsrs Ltd holds 0.13% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 764,529 shares. Redmond Asset Mngmt Lc has invested 1.05% in Advance Auto Parts, Inc. (NYSE:AAP). Blair William And Com Il holds 0% or 1,611 shares in its portfolio. Trexquant Investment Ltd Partnership stated it has 3,300 shares. Mason Street Advsr Ltd Liability Co holds 0.05% in Advance Auto Parts, Inc. (NYSE:AAP) or 10,075 shares.

Since March 7, 2017, it had 7 buys, and 2 insider sales for $47.37 million activity. LEE EUGENE I JR had bought 1,895 shares worth $250,481 on Friday, May 26. The insider Greco Thomas bought 6,500 shares worth $1.00 million. 2,690 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $411,113 were sold by Carter William Harrison. Slone Reuben E had bought 500 shares worth $67,435 on Tuesday, May 30. 1,200 shares were bought by Buss Brad W, worth $161,364 on Tuesday, May 30. 350,000 shares valued at $47.00M were bought by Smith Jeffrey C on Friday, May 26.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 23 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. Advance Auto Parts Inc. has $217 highest and $93 lowest target. $168.35’s average target is 65.47% above currents $101.74 stock price. Advance Auto Parts Inc. had 60 analyst reports since August 5, 2015 according to SRatingsIntel. Susquehanna upgraded the shares of AAP in report on Tuesday, November 15 to “Positive” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Underperform” rating given on Friday, July 7 by Bank of America. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Neutral” rating by Susquehanna on Friday, August 26. Zacks upgraded it to “Buy” rating and $193 target in Monday, September 7 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Neutral” rating given on Wednesday, April 6 by Goldman Sachs. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Outperform” rating given on Wednesday, February 22 by Wedbush. The rating was maintained by RBC Capital Markets on Friday, November 13 with “Outperform”. The rating was maintained by Morgan Stanley on Friday, May 20 with “Overweight”. Jefferies upgraded Advance Auto Parts, Inc. (NYSE:AAP) on Friday, July 7 to “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $175 target in Wednesday, August 17 report. Below is a list of Advance Auto Parts, Inc. (NYSE:AAP) latest ratings and price target changes.

17/07/2017 Broker: Credit Suisse Rating: Buy New Target: $135.0000 Maintain
13/07/2017 Broker: BTIG Research Rating: Sell New Target: $109.0000 Downgrade
07/07/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
07/07/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
06/07/2017 Broker: Barclays Capital Rating: Underweight Old Target: $120.00 New Target: $93.00 Target Up
06/07/2017 Broker: Wedbush Rating: Outperform Maintain
26/06/2017 Broker: Jefferies Rating: Hold New Target: $150.0000 Maintain
26/06/2017 Broker: Credit Suisse Rating: Buy New Target: $150.0000
06/07/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $153.00 New Target: $125.00 Maintain
22/06/2017 Broker: BTIG Research Rating: Sell Old Target: $120.00 New Target: $109.00 Maintain

The stock decreased 0.29% or $0.3 on July 17, reaching $101.74. About shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since July 18, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers. The company has market cap of $7.49 billion. The Company’s stores and branches offer a selection of brand name, original equipment maker (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. It has a 18.46 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Can Advance Auto Parts, Inc. Turn Around?” on July 05, 2017, also Seekingalpha.com with their article: “Think Forward And Advance” published on July 10, 2017, Nasdaq.com published: “Advance Auto Parts Enters Oversold Territory (AAP)” on June 21, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Bizjournals.com and their article: “Website tracking layoffs littered with comments from Advance Auto Parts …” published on June 24, 2017 as well as Benzinga.com‘s news article titled: “Advance Auto Parts A ‘Fixer Upper’ Story At An Attractive Entry Point” with publication date: July 07, 2017.

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