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 most pessimistic price target was 90, implying a possible loss of -18.34 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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. Over the past 30 days, FY earnings estimates have also changed downwards by -5.7 percent. 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, which can be compared to the 11 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 11 analysts decreased their estimates.

The growth rate of AAP's earnings is estimated by analysts to be 15.01 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. AAP has a PEG ratio of 1.33.

AAP has a 52-week high of 177.83 and a 52-week low of 99.13. Currently the stock is 11.18 percent higher than its low, and 38.03 percent lower than its 52-week high. 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.