Progress Auto Components (NYSE:AAP – Get Rating) was downgraded by StockNews.com from a “buy” ranking to a “hold” ranking in a research notice issued on Thursday.
Various other investigation analysts have also lately weighed in on AAP. Morgan Stanley boosted their price aim on Progress Car Components from $235.00 to $240.00 and gave the stock an “equal weight” ranking in a investigate report on Wednesday, February 16th. Wells Fargo & Corporation slice their price aim on Progress Automobile Pieces from $255.00 to $245.00 and set an “equal weight” score on the inventory in a research report on Tuesday, February 15th. Citigroup boosted their rate objective on Advance Vehicle Parts from $290.00 to $294.00 and gave the stock a “buy” score in a investigation report on Wednesday, February 16th. Evercore ISI assumed protection on Progress Auto Components in a exploration report on Tuesday, February 15th. They issued a “buy” score and a $275.00 value aim on the stock. Ultimately, JPMorgan Chase & Co. upped their value goal on Progress Vehicle Components from $276.00 to $280.00 in a study report on Friday, February 11th. Six investment decision analysts have rated the inventory with a keep score, 10 have supplied a get rating and one particular has supplied a powerful buy score to the firm. According to MarketBeat, the stock has an average score of “Buy” and a consensus target selling price of $255.75.
Shares of NYSE:AAP opened at $211.21 on Thursday. The stock has a current market cap of $12.90 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.16 and a beta of 1.22. The company has a rapid ratio of .31, a existing ratio of 1.21 and a personal debt-to-fairness ratio of .33. Progress Car Pieces has a 12-month minimal of $187.16 and a 12-month significant of $244.55. The business’s 50 working day shifting common is $211.22 and its 200 working day moving regular is $222.87.
Advance Car Parts (NYSE:AAP – Get Ranking) previous posted its quarterly earnings details on Monday, February 14th. The company noted $2.07 earnings for every share for the quarter, topping the consensus estimate of $1.97 by $.10. Advance Automobile Components experienced a return on fairness of 23.63% and a net margin of 5.60%. The business enterprise had profits of $2.40 billion for the quarter, as opposed to analysts’ expectations of $2.37 billion. During the same quarter in the earlier 12 months, the organization earned $1.87 earnings for every share. The business’s profits was up 1.3% on a yr-above-calendar year foundation. As a team, equities research analysts count on that Progress Car Sections will post 13.74 earnings per share for the present-day yr.
Hedge funds and other institutional buyers have not too long ago manufactured changes to their positions in the business enterprise. Life Preparing Partners Inc bought a new place in Progress Auto Sections in the 4th quarter worth about $30,000. Central Lender & Have faith in Co. procured a new stake in Advance Car Parts all through the 1st quarter valued at about $29,000. Covestor Ltd boosted its holdings in Progress Automobile Parts by 113.7% for the duration of the 1st quarter. Covestor Ltd now owns 156 shares of the company’s inventory valued at $32,000 immediately after getting an supplemental 83 shares through the period. Edmond DE Rothschild Keeping S.A. obtained a new stake in Progress Auto Areas through the 1st quarter valued at about $35,000. Eventually, FNY Expenditure Advisers LLC obtained a new stake in Progress Car Pieces throughout the 1st quarter valued at about $41,000. Institutional traders and hedge money individual 98.99% of the company’s inventory.
Progress Car Elements Company Profile (Get Score)
Progress Auto Components, Inc provides automotive substitute pieces, extras, batteries, and upkeep objects for domestic and imported automobiles, vans, activity utility cars, and light-weight and significant responsibility trucks. The organization features battery accessories belts and hoses brakes and brake pads chassis and local climate control parts clutches and drive shafts engines and engine areas exhaust units and areas hub assemblies ignition factors and wires radiators and cooling elements starters and alternators and steering and alignment pieces.
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