Analyst Research Roundup: Deere & Company (DE), Advance Auto Parts, Inc. (AAP)
- Author: Zachary Reyes Feb 23, 2017,
Feb 23, 2017, 5:17
Oppenheimer Holdings also issued estimates for Advance Auto Parts' FY2018 earnings at $8.45 EPS. (NYSE:AAP) share price decreased in the last trading session with a previous 52-week high of $177.77.
On 08/16/2016, the stock reported the EPS of $1.9 where Analysts were projecting the EPS to be $2.12 showing a difference of $-0.22. Advance Auto Parts, Inc. The firm earned $2.08 billion during the quarter, compared to analyst estimates of $2 billion. The estimated EPS for the current quarter is said to be $1.09.
A current consensus EPS estimate for next quarter is at $2.51 and 3 month ago EPS forecast was $2.52. The stock lost -0.87% in total of its share price. If you are accessing this piece on another site, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. (NYSE:AAP) a rating of 2.42 on a scale of 1 to 5.
AAP has been the subject of a number of other reports. Since the stock price is trading above the targeted price level, Levy recommended a Sell rating on the stock. Wedbush restated an "outperform" rating on shares of Advance Auto Parts in a research note on Tuesday, December 13th. BTIG Research restated a "sell" rating and set a $120.00 target price on shares of Advance Auto Parts in a research report on Tuesday, January 24th. The Closing price before the company posted its earnings was $142.85.
According to Yahoo Finance, the price target for the company which analysts are aiming is 215. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source. The company has a 50-day moving average of $166.76 and a 200 day moving average of $159.30. Penserra Capital Management LLC now owns 933 shares of the company's stock valued at $138,000 after buying an additional 456 shares during the period.
Advance Auto Parts, Inc. shows a 52-week low of 19.67% and 52-week high of -10.59%. This represents a $0.24 annualized dividend and a yield of 0.15%. Advance Auto Parts was Downgraded by BofA/Merrill to " Neutral" on Jan 13, 2017.
In front of fourth-quarter earnings release on Tuesday, Feb 21, 2017, 24 analysts are forecasting profits of $1.09 per share, with views ranging from an ultra-tight $1.05 to $1.13. The share price is now 5.95 percent versus its SMA20, 9.36 percent versus its SMA50, and 23.11 percent versus its SMA200. The average volume stands around 0.89 million shares.
On 8/16/2016 Advance Auto Parts announced a quarterly dividend of $0.06 0.15% with an ex dividend date of 9/21/2016 which will be payable on 10/7/2016.
During last 3 month it remained at -0.86%.
Advance Auto Parts, Inc.is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers. It operates in the US automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks.