Can analysts adopt a bullish outlook for Advance Auto Parts, Inc. (NYSE:AAP)?

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October 3, 2017 – By Nellie Frank

 Can analysts adopt a bullish outlook for Advance Auto Parts, Inc. (NYSE:AAP)?
Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.04, from 1.03 in 2017Q1. It increased, as 69 investors sold Advance Auto Parts, Inc. shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. 76.44 million shares or 3.29% more from 74.00 million shares in 2017Q1 were reported.
Cornerstone Cap Mngmt Lc has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 12,664 shares. New York-based Glob Thematic Ptnrs Limited Liability Corporation has invested 1.73% in Advance Auto Parts, Inc. (NYSE:AAP). Dowling Yahnke Ltd Liability Com invested in 1,781 shares. Cleararc has 0.03% invested in Advance Auto Parts, Inc. (NYSE:AAP). Bronson Point Mngmt Ltd Limited Liability Company has invested 1.04% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Sterling Mngmt Ltd Liability Corporation reported 0.02% stake. First Personal Finance accumulated 1,344 shares. Magnetar Financial Ltd Co holds 30,967 shares. Davidson Kempner Cap Mngmt Limited Partnership holds 0.34% or 125,000 shares in its portfolio. Korea Invest reported 683 shares. 358,722 are held by Legal And General Grp Inc Public Limited Co. The Wisconsin-based Northwestern Mutual Wealth Mngmt has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Clinton holds 0.37% in Advance Auto Parts, Inc. (NYSE:AAP) or 31,234 shares. Dubuque Comml Bank invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP).

Since May 26, 2017, it had 6 insider buys, and 0 insider sales for $49.68 million activity. 1,200 shares were bought by Buss Brad W, worth $161,364 on Tuesday, May 30. 1,895 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $250,481 were bought by LEE EUGENE I JR. Karaboutis Adriana bought $49,648 worth of stock. Smith Jeffrey C also bought $47.00 million worth of Advance Auto Parts, Inc. (NYSE:AAP) shares. 16,000 shares were bought by Greco Thomas, worth $2.15 million on Friday, May 26.

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

Among 26 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Advance Auto Parts Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Positive” rating by Susquehanna given on Tuesday, November 15. UBS maintained Advance Auto Parts, Inc. (NYSE:AAP) on Monday, August 7 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, May 25. The firm has “Buy” rating by Argus Research given on Tuesday, August 18. Jefferies maintained Advance Auto Parts, Inc. (NYSE:AAP) on Monday, June 26 with “Hold” rating. The firm has “Outperform” rating given on Thursday, July 6 by Wedbush. The firm has “Outperform” rating given on Wednesday, March 15 by Wedbush. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Hold” rating by BB&T Capital on Tuesday, December 15. On Tuesday, November 15 the stock rating was upgraded by Raymond James to “Strong Buy”. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Friday, November 13. RBC Capital Markets has “Outperform” rating and $194.0 target. Below is a list of Advance Auto Parts, Inc. (NYSE:AAP) latest ratings and price target changes.

20/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $95.0 Maintain
18/09/2017 Broker: Argus Research Rating: Buy Old Target: $15.00 New Target: $13.00 Maintain
12/09/2017 Broker: Citigroup Rating: Sell New Target: $82.0 Downgrade
11/09/2017 Broker: Jefferies Rating: Buy New Target: $130.0 Maintain
05/09/2017 Broker: Bank of America Rating: Underperform New Target: $87.5 Maintain
24/08/2017 Broker: UBS Rating: Buy New Target: $118.0 Maintain
21/08/2017 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal Weight New Target: $90.00 Upgrade
16/08/2017 Broker: Deutsche Bank Rating: Buy New Target: $101.0
16/08/2017 Broker: Barclays Capital Rating: Underweight Old Target: $93 New Target: $90 Maintain
16/08/2017 Broker: Bank of America Rating: Underperform Old Target: $90 New Target: $77 Maintain

About 436,334 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since October 3, 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 $7.30 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 19.73 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: Nasdaq.com which released: “Should You Get Rid of Advance Auto Parts (AAP) Now?” on September 13, 2017, also Investorplace.com with their article: “Trade of the Day: Advance Auto Parts, Inc. (AAP)” published on September 20, 2017, Seekingalpha.com published: “Auto names roar after M&A buzz” on September 25, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Nasdaq.com and their article: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” published on September 15, 2017 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Royal Caribbean Cruises, Advance Auto Parts and Omnicom …” with publication date: September 19, 2017.

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