Media coverage about Advance Auto Parts (NYSE:AAP) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
AAP has been the topic of several recent analyst reports. Bank of America Corporation dropped their target price on Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. Morgan Stanley reissued an “overweight” rating and set a $160.00 target price (down previously from $185.00) on shares of Advance Auto Parts in a report on Sunday, May 28th. Gabelli raised Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, May 31st. Finally, Zacks Investment Research cut Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Advance Auto Parts presently has an average rating of “Hold” and an average target price of $149.06.
Advance Auto Parts (AAP) traded up 1.14% during trading on Friday, reaching $107.34. 1,903,503 shares of the company’s stock traded hands. The company has a market cap of $7.92 billion, a P/E ratio of 19.45 and a beta of 0.87. The firm’s 50 day moving average is $108.57 and its 200 day moving average is $137.82. Advance Auto Parts has a 12 month low of $99.13 and a 12 month high of $177.83.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Analysts anticipate that Advance Auto Parts will post $6.37 EPS for the current year.
In related news, Director Brad W. Buss acquired 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $134.47 per share, for a total transaction of $161,364.00. Following the completion of the acquisition, the director now directly owns 1,928 shares in the company, valued at approximately $259,258.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adriana Karaboutis acquired 367 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average price of $135.28 per share, for a total transaction of $49,647.76. Following the completion of the acquisition, the director now owns 3,043 shares of the company’s stock, valued at $411,657.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 369,462 shares of company stock worth $49,617,073. 4.50% of the stock is currently owned by company insiders.
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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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