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 analyst gave a price target of 215, which equates to a potential upside of 95.08 percent. The minimum price target given was 90, implying potential capital losses of -18.34 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -8.99 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 11 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 11 analysts made negative revisions to their fiscal year's estimates.

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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of AAP is 1.33.

In the last 52-weeks, AAP has achieved a high of 177.83 and a low of 99.13. The current market price is above the trailing year's low by 11.18 percent, 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 stock has a market capitalization of $8.15 billion. AAP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.