Media stories about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advance Auto Parts earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6625461256933 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
Several equities analysts have recently weighed in on the company. Gabelli reissued a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Advance Auto Parts in a research report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price objective (down previously from $164.00) on shares of Advance Auto Parts in a research report on Friday, July 21st. BidaskClub lowered Advance Auto Parts from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, UBS AG reaffirmed a “buy” rating and issued a $118.00 price target (down previously from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $123.08.
Shares of Advance Auto Parts (NYSE:AAP) opened at 99.20 on Monday. The firm has a market cap of $7.33 billion, a PE ratio of 19.80 and a beta of 0.92. Advance Auto Parts has a one year low of $82.21 and a one year high of $177.83. The firm’s 50-day moving average price is $99.61 and its 200-day moving average price is $125.12.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business posted $1.90 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts expect that Advance Auto Parts will post $5.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, September 21st. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.80%.
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About Advance Auto Parts
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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