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Analysts' ratings for Advance Auto Parts (NYSE:AAP) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 8 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Advance Auto Parts and provided 12-month price targets. The average target is $71.38, accompanied by a high estimate of $83.00 and a low estimate of $60.00. Surpassing the previous average price target of $61.00, the current average has increased by 17.02%.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Advance Auto Parts among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Greg Melich | Evercore ISI Group | Lowers | In-Line | $78.00 | $82.00 |
| Scott Ciccarelli | Truist Securities | Raises | Hold | $70.00 | $60.00 |
| Greg Melich | Evercore ISI Group | Raises | In-Line | $83.00 | $74.00 |
| David Bellinger | Mizuho | Announces | Neutral | $78.00 | - |
| Steven Shemesh | RBC Capital | Raises | Sector Perform | $68.00 | $47.00 |
| Christopher Horvers | JP Morgan | Raises | Neutral | $68.00 | $55.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $66.00 | $56.00 |
| Scott Ciccarelli | Truist Securities | Raises | Hold | $60.00 | $53.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Advance Auto Parts. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Advance Auto Parts compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Advance Auto Parts's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Advance Auto Parts's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Advance Auto Parts analyst ratings.
Delving into Advance Auto Parts's Background
Advance Auto Parts is one of the industry's retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a distributor of imported original equipment parts.
Breaking Down Advance Auto Parts's Financial Performance
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: Advance Auto Parts's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -0.36%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Advance Auto Parts's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -2.45% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Advance Auto Parts's ROE stands out, surpassing industry averages. With an impressive ROE of -2.34%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Advance Auto Parts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.49% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 1.59, Advance Auto Parts adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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