While Advance Auto Parts Inc has overperformed by 1.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AAP fell by -27.67%, with highs and lows ranging from $88.56 to $37.51, whereas the simple moving average fell by -35.17% in the last 200 days.
On March 19, 2024, Mizuho started tracking Advance Auto Parts Inc (NYSE: AAP) recommending Neutral. BofA Securities also Downgraded AAP shares as ‘Underperform’, setting a target price of $43 on the company’s shares in a report dated November 16, 2023. TD Cowen Initiated an Market Perform rating on October 10, 2023, and assigned a price target of $55. Atlantic Equities July 10, 2023d its ‘Neutral’ rating to ‘Underweight’ for AAP, as published in its report on July 10, 2023. Raymond James also rated the stock as ‘Mkt Perform’.
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Analysis of Advance Auto Parts Inc (AAP)
With AAP’s current dividend of $1.00 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -0.11%, showing a negative trend in the upcoming months.
Advance Auto Parts Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 0.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and AAP has an average volume of 2.03M. On a monthly basis, the volatility of the stock is set at 4.08%, whereas on a weekly basis, it is put at 3.62%, with a gain of 8.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.79, showing growth from the present price of $42.07, which can serve as yet another indication of whether AAP is worth investing in or should be passed over.
How Do You Analyze Advance Auto Parts Inc Shares?
Specialty Retail giant Advance Auto Parts Inc (AAP) is based in the USA and is one of the largest companies in the market. When comparing Advance Auto Parts Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3626.72, there is a growth in quarterly earnings of -47.56%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 109.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AAP shares are owned by institutional investors to the tune of 109.04% at present.
