Superior Auto Elements (NYSE: AAP – Get the ranking) Barclays was upgraded from an “underweight” ranking to an “equal weight” ranking in a analysis word issued on Friday, Briefing.com experiences. The corporate presently has a value goal of $129.00 per share, down from its earlier value goal of $140.00. Barclays’ value goal signifies a possible upside of 8.76% from the present share value.
→ A bear market skilled makes a brand new prediction (from Legacy Analysis)
Quite a lot of different analysis companies have additionally lately commented on the AAP. Roth Capital reiterated its “impartial” ranking and set a value goal of $140.00 (down from $180.00) on shares of Advance Auto Elements in a analysis report on Monday, February thirteenth. StockNews.com started masking Advance Auto Elements in a analysis report on Thursday, March sixteenth. They assigned a “Purchase” ranking to the corporate. Citigroup lowered its value goal on Advance Auto Elements from $159.00 to $153.00 and gave the corporate a “impartial” ranking in a analysis report on Wednesday, March 1st. Argus downgraded Superior Auto Elements from a “purchase” ranking to a “maintain” ranking in a report on Monday, March thirteenth. Lastly, Roth Mkm downgraded Advance Auto Elements from a “purchase” ranking to a “impartial” ranking and lowered goal value for the corporate from $180.00 to $140.00 in a report on Monday, February thirteenth. 13 analysis analysts have rated the inventory with a maintain ranking, 4 have issued a purchase ranking and one has assigned a powerful purchase ranking to the corporate. In keeping with MarketBeat, the inventory has a mean ranking of “Maintain” and a value goal of $166.00.
Auto elements commerce elevated by 0.9%
Advance Auto Elements inventory opened at $118.61 on Friday. Advance Auto Elements hit a 52-week low of $109.05 and a 52-week excessive of $231.43. The corporate has a market capitalization of $7.03 billion, a P/E ratio of 14.34, a P/E ratio of 0.95 and a beta of 1.12. The corporate has a fast ratio of 0.21, a buying and selling ratio of 1.13 and a debt-to-equity ratio of 0.44. The corporate has a 50-day easy transferring common of $137.87 and a 200-day easy transferring common of $152.63.
Advance Auto Elements (NYSE: AAP – Get Ranking) final launched its quarterly earnings information on Tuesday, February twenty eighth. The corporate reported earnings of $2.88 per share (EPS) for the quarter, beating analyst estimates of $2.41 by $0.47. The corporate generated $2.47 billion in income for the quarter, in comparison with a consensus estimate of $2.42 billion. Advance Auto Elements had a internet margin of 4.50% and a return on fairness of 28.53%. The corporate’s income for the third quarter elevated by 3.2% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the corporate reported $2.07 earnings per share. Analysts count on Advance Auto Elements to put up 10.64 EPS for the present yr.
Institutional inflows and outflows
Hedge funds have lately made modifications to their positions within the firm. Mutual of America Capital Administration LLC strengthened its place in Advance Auto Elements by 0.5% in the course of the third quarter. Mutual of America Capital Administration LLC now owns 12,928 shares of the corporate’s inventory valued at $2,021,000 after buying 63 further shares final quarter. Assetmark Inc elevated its stake in Advance Auto Elements by 3.8% in the course of the third quarter. Assetmark Inc. Now 1,835 shares of the corporate’s inventory worth $287,000 after buying a further 68 shares over the last quarter. SeaBridge Funding Advisors LLC elevated its holdings in Advance Auto Elements by 1.3% in the course of the fourth quarter. SeaBridge Funding Advisors LLC now owns 5,547 shares of the corporate’s inventory valued at $816,000 after buying a further 69 shares throughout the latest quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd. elevated its stake in Advance Auto Elements by 1.7% in the course of the fourth quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd. now owns 4,189 shares of the corporate’s inventory, valued at $616,000, after buying a further 71 shares over the last quarter. Lastly, Mackenzie Monetary Corp. elevated its stake in Advance Auto Elements by 1.5% in the course of the third quarter. Mackenzie Monetary Corp. now owns 5,110 shares of the corporate’s inventory, valued at $799,000, after buying a further 77 shares throughout the latest quarter. Hedge funds and different institutional buyers personal 96.04% of the corporate’s shares.
About Advance Auto Elements
(Get Ranking)
Advance Auto Elements, Inc. provides and distributes aftermarket automotive merchandise for each skilled installers and do-it-yourself prospects. It operates by means of the next divisions: Advance Auto Elements / Carquest US, Carquest Canada, Worldpac and Independents. The corporate was based by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
Featured articles
This instantaneous information alert was created by MarketBeat’s narrative science and monetary information know-how to supply readers with the quickest, most correct reporting attainable. This story was reviewed by the MarketBeat editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you contemplate Advance Auto Elements, you may wish to hear this.
MarketBeat tracks Wall Road’s top-rated and top-performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market grabs maintain of them…and Advance Auto Elements wasn’t on the checklist.
Whereas Advance Auto Elements presently has a “Maintain” ranking amongst analysts, the top-rated analysts assume these 5 shares are higher buys.
View the 5 shares right here
Comments