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Progress Auto Elements (NYSE:AAP – Get Ranking) had its cost concentrate on minimize by investigation analysts at Citigroup from $161.00 to $159.00 in a study note issued to buyers on Friday, The Fly studies. Citigroup’s rate objective would counsel a prospective upside of 7.71% from the company’s prior near.
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AAP has been the subject matter of a number of other studies. Wells Fargo & Company reduced their price goal on shares of Progress Auto Components from $180.00 to $150.00 and established an “equivalent body weight” rating for the firm in a report on Thursday, January 5th. DA Davidson dropped their target rate on shares of Advance Car Pieces from $200.00 to $170.00 in a report on Thursday, November 17th. Royal Financial institution of Canada cut their target price on Progress Vehicle Sections from $199.00 to $165.00 and set a “sector carry out” ranking on the inventory in a investigate note on Thursday, November 17th. Guggenheim decreased Progress Automobile Elements from a “buy” ranking to a “neutral” rating in a study report on Thursday, November 17th. Finally, Argus slash their value objective on Advance Auto Parts from $220.00 to $185.00 in a study report on Monday, December 5th. 9 exploration analysts have rated the inventory with a maintain rating, four have specified a invest in ranking and one particular has specified a powerful obtain score to the stock. According to facts from MarketBeat.com, the enterprise presently has an regular ranking of “Maintain” and a consensus value concentrate on of $189.88.
Advance Car Pieces Inventory Overall performance
Progress Auto Components stock opened at $147.62 on Friday. The firm has a fifty working day simple relocating ordinary of $147.71 and a two-hundred day very simple going typical of $168.78. Advance Car Sections has a twelve month very low of $138.52 and a twelve month superior of $237.39. The company has a sector capitalization of $8.87 billion, a PE ratio of 18.97, a P/E/G ratio of .88 and a beta of 1.15. The organization has a brief ratio of .23, a latest ratio of 1.13 and a credit card debt-to-fairness ratio of .44.
Advance Automobile Areas (NYSE:AAP – Get Score) very last produced its earnings final results on Tuesday, November 15th. The business claimed $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($.48). Progress Automobile Elements experienced a net margin of 4.30% and a return on fairness of 25.97%. The corporation experienced revenue of $2.64 billion through the quarter, as opposed to the consensus estimate of $2.66 billion. Investigation analysts expect that Advance Vehicle Elements will write-up 12.59 EPS for the present 12 months.
Institutional Trading of Advance Car Areas
A selection of hedge resources and other institutional buyers have recently modified their holdings of the company. Covestor Ltd grew its holdings in Progress Automobile Elements by 113.7% in the very first quarter. Covestor Ltd now owns 156 shares of the company’s stock well worth $32,000 right after getting an more 83 shares throughout the time period. Ellevest Inc. enhanced its place in Progress Car Pieces by 161.% all through the 2nd quarter. Ellevest Inc. now owns 201 shares of the firm’s stock valued at $35,000 soon after buying an supplemental 124 shares in the final quarter. Private Have faith in Co. NA bought a new situation in Progress Vehicle Elements for the duration of the next quarter valued at $36,000. Central Bank & Trust Co. lifted its stake in Advance Automobile Parts by 61.6% all through the next quarter. Central Bank & Have faith in Co. now owns 223 shares of the firm’s inventory valued at $39,000 soon after acquiring an supplemental 85 shares all through the final quarter. At last, Very first Own Economical Providers grew its stake in shares of Advance Car Sections by 113.3% in the third quarter. To start with Individual Fiscal Providers now owns 224 shares of the company’s stock worthy of $35,000 soon after buying an supplemental 119 shares all through the last quarter. 96.04% of the inventory is owned by hedge funds and other institutional traders.
About Advance Vehicle Pieces
Advance Automobile Components, Inc offers automotive substitution components, accessories, batteries, and upkeep goods for domestic and imported cars and trucks, vans, sport utility automobiles, and mild and major responsibility vans. The enterprise gives battery add-ons belts and hoses brakes and brake pads chassis and local weather management pieces clutches and generate shafts engines and engine parts exhaust systems and pieces hub assemblies ignition elements and wires radiators and cooling sections starters and alternators and steering and alignment pieces.
Further Looking through
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