News coverage about Advance Auto Parts (NYSE:AAP) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Advance Auto Parts earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6625461256933 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have issued reports on AAP shares. Wedbush restated an “outperform” rating and issued a $160.00 price target (down from $185.00) on shares of Advance Auto Parts in a report on Sunday, May 28th. Morgan Stanley restated an “overweight” rating and issued a $160.00 price target (down from $185.00) on shares of Advance Auto Parts in a report on Sunday, May 28th. Citigroup Inc. lowered their price target on Advance Auto Parts from $168.00 to $148.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, May 31st. Finally, BidaskClub downgraded Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $123.08.

Advance Auto Parts (AAP) opened at 95.59 on Monday. The firm has a market capitalization of $7.06 billion, a PE ratio of 19.08 and a beta of 0.90. The company’s 50-day moving average price is $99.61 and its 200 day moving average price is $125.12. Advance Auto Parts has a 12 month low of $82.21 and a 12 month high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.07). Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, equities research analysts predict that Advance Auto Parts will post $5.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.80%.

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Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (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.

Insider Buying and Selling by Quarter for Advance Auto Parts (NYSE:AAP)

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