Progress Vehicle Parts (NYSE:AAP – Get Rating) was downgraded by Wedbush from an “outperform” ranking to a “neutral” ranking in a exploration report issued to clients and investors on Thursday, The Fly studies. They at the moment have a $145.00 goal rate on the inventory. Wedbush’s goal rate details to a possible draw back of 5.40% from the company’s latest price tag.
AAP has been the matter of various other investigate studies. Citigroup reduce shares of Advance Automobile Pieces from a “obtain” ranking to a “neutral” ranking and lowered their rate goal for the stock from $216.00 to $161.00 in a study note on Thursday, November 17th. Guggenheim downgraded shares of Progress Car Pieces from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Royal Bank of Canada lowered their target price on shares of Progress Automobile Areas from $199.00 to $165.00 and established a “sector execute” ranking on the inventory in a report on Thursday, November 17th. Morgan Stanley cut their selling price focus on on shares of Advance Automobile Elements from $205.00 to $165.00 and set an “equivalent pounds” score on the stock in a report on Thursday, November 17th. Eventually, StockNews.com downgraded shares of Progress Automobile Parts from a “invest in” ranking to a “maintain” score in a report on Wednesday, December 21st. 10 equities exploration analysts have rated the inventory with a maintain ranking, 3 have issued a acquire ranking and one particular has assigned a sturdy acquire score to the inventory. According to data from MarketBeat.com, Advance Car Pieces has an regular ranking of “Maintain” and a consensus rate goal of $190.00.
Progress Automobile Components Inventory Up .9 %
AAP opened at $153.28 on Thursday. The corporation has a personal debt-to-equity ratio of .44, a rapid ratio of .23 and a existing ratio of 1.13. Advance Car Components has a fifty-two week minimal of $138.52 and a fifty-two 7 days large of $244.20. The firm’s fifty day relocating typical is $154.01 and its 200 working day relocating regular is $171.06. The stock has a marketplace cap of $9.21 billion, a value-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of .91 and a beta of 1.15.
Progress Auto Pieces (NYSE:AAP – Get Score) very last declared its quarterly earnings effects on Tuesday, November 15th. The business documented $2.84 EPS for the quarter, lacking the consensus estimate of $3.32 by ($.48). The organization had income of $2.64 billion for the duration of the quarter, in contrast to analysts’ anticipations of $2.66 billion. Advance Auto Sections had a return on fairness of 25.97% and a net margin of 4.30%. On normal, offer-aspect analysts forecast that Advance Auto Elements will submit 12.6 earnings per share for the existing fiscal year.
Institutional Traders Weigh In On Progress Automobile Sections
Quite a few hedge funds have recently modified their holdings of AAP. Non-public Advisor Group LLC obtained a new stake in shares of Advance Car Parts in the 1st quarter value roughly $232,000. MetLife Investment Administration LLC lifted its posture in Progress Automobile Sections by 21.9% throughout the initial quarter. MetLife Expenditure Administration LLC now owns 16,965 shares of the company’s inventory valued at $3,511,000 just after getting an more 3,046 shares in the course of the previous quarter. Commonwealth of Pennsylvania Public University Empls Retrmt SYS lifted its place in Progress Vehicle Components by 5.5% in the course of the 1st quarter. Commonwealth of Pennsylvania Public University Empls Retrmt SYS now owns 8,343 shares of the firm’s stock valued at $1,727,000 just after buying an supplemental 435 shares in the course of the very last quarter. Cibc World Market Inc. lifted its position in Advance Vehicle Parts by 120.6% throughout the to start with quarter. Cibc Entire world Sector Inc. now owns 11,593 shares of the company’s stock valued at $2,399,000 soon after getting an supplemental 6,338 shares throughout the past quarter. At last, Blair William & Co. IL lifted its posture in Progress Car Pieces by 14.4% in the course of the first quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock valued at $956,000 after getting an supplemental 582 shares all through the last quarter. Hedge cash and other institutional traders very own 96.04% of the firm’s stock.
About Advance Auto Sections
Advance Car Components, Inc provides automotive substitution parts, components, batteries, and routine maintenance things for domestic and imported autos, vans, sport utility vehicles, and light-weight and hefty obligation trucks. The organization presents battery accessories belts and hoses brakes and brake pads chassis and climate management elements clutches and travel shafts engines and engine parts exhaust programs and elements hub assemblies ignition components and wires radiators and cooling areas starters and alternators and steering and alignment components.
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