Gearing Up for Advance Auto Parts’ 2Q17 Earnings PART 3 OF 3
Analysts’ views on Advance Auto Parts
According to Thomson Reuters, 56% of the 27 analysts covering Advance Auto Parts (AAP) gave its stock “buy” recommendations, 33% recommended “hold,” and 11% analysts suggested “sell.”
Target price for Advance Auto Parts stock
As of August 10, analysts’ consensus 12-month target price for Advance Auto Parts stock was $133.71, reflecting an upside potential of about 26.0% from its market price of $106.13.
Despite the recent decline in Advance Auto Parts’ revenue and profit margins, its large chain of stores could continue to drive positive growth. Also, the company’s recent efforts to make its supply chain more efficient could yield positive returns in the long term.
Investors should pay attention to analysts’ recommendations. If popular analysts change their views on a company, a significant stock price movement could follow.
Analysts’ recommendations for other auto part sellers and automakers (XLY) are as follows:
- about 41% of analysts gave AutoZone (AZO) a “buy” recommendation, with a ~25.9% upside potential
- about 58% of analysts gave O’Reilly Auto Parts (ORLY) a “buy” recommendation, with a ~15.6% upside potential
- about 24% of analysts gave Ford Motor (F) a “buy” recommendation, with a ~14.0% upside potential
- about 36% of analysts gave General Motors (GM) a “buy” recommendation, with a ~11.1% upside potential
Please visit our Autos page for reviews of auto companies’ 2Q17 earnings reports.