While Advance Auto Parts Inc has underperformed by -3.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AAP fell by -21.71%, with highs and lows ranging from $88.56 to $35.59, whereas the simple moving average fell by -24.31% in the last 200 days.
On October 16, 2024, ROTH MKM started tracking Advance Auto Parts Inc (NYSE: AAP) recommending Neutral. A report published by Wedbush on October 15, 2024, Upgraded its rating to ‘Outperform’ for AAP. Mizuho also rated AAP shares as ‘Neutral’, setting a target price of $78 on the company’s shares in an initiating report dated March 19, 2024. BofA Securities November 16, 2023d its ‘Neutral’ rating to ‘Underperform’ for AAP, as published in its report on November 16, 2023. TD Cowen’s report from October 10, 2023 suggests a price prediction of $55 for AAP shares, giving the stock a ‘Market Perform’ rating. Atlantic Equities also rated the stock as ‘Underweight’.
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Analysis of Advance Auto Parts Inc (AAP)
Investors in Advance Auto Parts Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.00 per share. Further, the quarter-over-quarter decrease in sales is -21.00%, showing a negative trend in the upcoming months.
One of the most important indicators of Advance Auto Parts Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 0.93% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.62, 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.
For any stock, average volume can also provide valuable insight into volatility, and AAP is recording 2.80M average volume. On a monthly basis, the volatility of the stock is set at 5.27%, whereas on a weekly basis, it is put at 5.24%, with a gain of 0.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.47, showing decline from the present price of $44.04, 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?
The Specialty Retail market is dominated by Advance Auto Parts Inc (AAP) based in the USA. 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 60.44, there is a growth in quarterly earnings of 87.67%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 1.12%. 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 112.43% 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 112.43% at present.
