Advance Car Pieces, Inc. (NYSE:AAP – Get Ranking) – Inventory analysts at Jefferies Economical Group boosted their Q2 2022 EPS estimates for shares of Advance Auto Components in a analysis report issued on Tuesday, May well 24th. Jefferies Economical Group analyst B. Jordan now expects that the enterprise will write-up earnings of $3.51 for each share for the quarter, up from their earlier estimate of $3.46. Jefferies Money Group also issued estimates for Advance Vehicle Parts’ Q4 2022 earnings at $3.01 EPS and FY2022 earnings at $13.67 EPS.
AAP has been the topic of a quantity of other experiences. Wells Fargo & Enterprise decreased their goal selling price on Advance Car Components from $230.00 to $200.00 and set an “equal weight” rating for the business in a report on Tuesday. StockNews.com upgraded Advance Vehicle Areas from a “hold” ranking to a “buy” rating in a report on Friday, May possibly 20th. Raymond James reduced their target rate on Progress Vehicle Parts from $275.00 to $250.00 in a report on Wednesday. Guggenheim decreased their target cost on Advance Vehicle Elements from $266.00 to $259.00 and set a “buy” rating for the organization in a report on Wednesday. Ultimately, Morgan Stanley reduced their selling price goal on Progress Car Areas from $240.00 to $225.00 and established an “equal weight” ranking for the corporation in a exploration notice on Tuesday. 6 analysis analysts have rated the inventory with a keep rating, twelve have assigned a purchase ranking and one has issued a sturdy invest in ranking to the corporation. According to facts from MarketBeat.com, the company has a consensus rating of “Buy” and an regular cost focus on of $243.11.
Shares of NYSE:AAP opened at $190.90 on Friday. The company has a 50-day going normal value of $209.48 and a 200 day transferring typical price of $220.58. Advance Car Pieces has a 12-month lower of $172.86 and a 12-month significant of $244.55. The organization has a marketplace capitalization of $11.66 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.12 and a beta of 1.22. The business has a recent ratio of 1.21, a brief ratio of .31 and a financial debt-to-fairness ratio of .33.
Advance Auto Areas (NYSE:AAP – Get Ranking) past issued its quarterly earnings data on Monday, May perhaps 23rd. The corporation documented $3.57 earnings for each share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($.02). The business experienced income of $3.40 billion for the quarter, in contrast to analyst estimates of $3.39 billion. Advance Vehicle Areas had a return on equity of 23.63% and a internet margin of 5.60%. The firm’s income for the quarter was up 2.1% in comparison to the exact same quarter final calendar year. Through the identical period in the previous calendar year, the business enterprise posted $3.34 earnings per share.
Institutional buyers have just lately extra to or minimized their stakes in the enterprise. Central Lender & Rely on Co. purchased a new stake in shares of Progress Automobile Areas throughout the initially quarter value approximately $29,000. Everyday living Scheduling Companions Inc acquired a new situation in Advance Auto Components in the fourth quarter really worth $30,000. Covestor Ltd raised its posture in Progress Auto Areas by 113.7% in the first quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after getting an additional 83 shares in the very last quarter. Edmond DE Rothschild Holding S.A. procured a new posture in Advance Car Elements in the first quarter well worth $35,000. Finally, FNY Expenditure Advisers LLC procured a new placement in Advance Auto Parts in the 1st quarter worth $41,000. Institutional investors and hedge money own 98.99% of the company’s stock.
Advance Auto Components Enterprise Profile (Get Score)
Advance Vehicle Sections, Inc provides automotive alternative areas, accessories, batteries, and upkeep goods for domestic and imported vehicles, vans, sport utility vehicles, and mild and large duty trucks. The organization gives battery equipment belts and hoses brakes and brake pads chassis and local weather manage parts clutches and drive shafts engines and engine sections exhaust techniques and sections hub assemblies ignition components and wires radiators and cooling components starters and alternators and steering and alignment pieces.
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