Media stories about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advance Auto Parts earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.315318330291 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several brokerages have commented on AAP. Zacks Investment Research downgraded Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Citigroup Inc. cut their price objective on Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advance Auto Parts in a research report on Wednesday, May 17th. Gabelli raised Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Thursday, April 20th. Finally, Royal Bank Of Canada cut their price objective on Advance Auto Parts from $191.00 to $168.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $149.06.
Shares of Advance Auto Parts (NYSE:AAP) traded up 1.14% during midday trading on Friday, reaching $107.34. The company had a trading volume of 1,903,503 shares. The company’s 50 day moving average price is $108.57 and its 200-day moving average price is $137.82. The company has a market capitalization of $7.92 billion, a P/E ratio of 19.45 and a beta of 0.87. Advance Auto Parts has a 52 week low of $99.13 and a 52 week high of $177.83.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by $0.60. Advance Auto Parts had a return on equity of 16.02% and a net margin of 4.31%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Advance Auto Parts will post $6.37 earnings per share for the current fiscal year.
In other Advance Auto Parts news, insider Thomas Greco bought 16,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $134.63 per share, with a total value of $2,154,080.00. Following the completion of the transaction, the insider now owns 111,030 shares in the company, valued at $14,947,968.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eugene I. Lee, Jr. bought 1,895 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the completion of the transaction, the director now owns 4,398 shares of the company’s stock, valued at approximately $581,327.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 369,462 shares of company stock worth $49,617,073. Corporate insiders own 4.50% of the company’s stock.
Advance Auto Parts Company Profile
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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