Analyst Ratings for Advance Auto Parts Inc. (AAP)

Updated: 2017-07-28

Advance Auto Parts Inc. (NYSE:AAP) was awarded an average rating of Overweight from investment analysts following the stock. About 30 days ago, AAP was issued an average rating of Overweight.

27 analysts issued ratings on the stock, where 13 gave AAP a buy rating, 1 issued an overweight rating, 10 gave a hold rating, 1 gave an underweight rating, and 2 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for AAP by the analysts covering the stock. The most optimistic price target was 215, implying a possible profit of 95.08 percent. The lowest price target was 90, implying a possible loss of -18.34 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -8.99 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -18.34 percent. Meanwhile, fiscal year estimates have been revised downwards by -5.7 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -15.25 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 11 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 11 analysts that revised their FY estimates downwards.

Analysts estimate earnings of AAP to grow at a rate of 15.01 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. AAP has a PEG ratio of 1.33.

In the trailing 52-weeks, AAP hit 177.83 at the highest peak, while it's lowest trading point was 99.13. Currently the stock is 11.18 percent higher than its low, and below the high by 38.03 percent. AAP has a P/E ratio of 20. Investors typically compare the P/E ratio to a company's peers in the industry. The AAP value stock report compares AAP to some of its peers using value stock charts. The market cap of AAP is $8.15 billion. AAP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.