Advance Auto Parts, Inc. (AAP) Given New $63.00 Price Target by Barclays Capital (BCS) Analysts.
Monday, July 18, 2021 1:41 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Advance Auto Parts, Inc. (NYSE: AAP) from $67.00 to $63.00 in a research note to investors on Monday. The analysts currently have an "equal weight" rating on the stock.

Separately, analysts at UBS AG (NYSE: UBS) initiated coverage on shares of Advance Auto Parts, Inc. in a research note to investors on Thursday, June 16th. They set a "neutral" rating and a $60.00 price target on the stock. Also, analysts at Nomura (NYSE: NMR) downgraded shares of Advance Auto Parts, Inc. from a "neutral" rating to a "reduce" rating in a research note to investors on Tuesday, June 14th.

Advance Auto Parts, Inc. last announced its quarterly results on Wednesday, May 18th. The company reported $1.35 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.38 EPS by $0.03. The company’s quarterly revenue was up 3.7% on a year-over-year basis.

Advance Auto Parts, Inc. (Advance) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The Company’s stores carry a product line for cars, vans, sport utility vehicles and light trucks. The Company serves both do-it-yourself (DIY) and do-it-for-me (Commercial) customers. Advance operates in two business segments: Advance Auto Parts (AAP) and Autopart International (AI). The AAP segment consists of its store operations within the United States, Puerto Rico and the Virgin Islands, which operates under the trade names Advance Auto Parts, Advance Discount Auto Parts and Western Auto. The AI segment consists solely of the operations of Autopart International, which operates as an independent, wholly owned subsidiary and primarily serves the Commercial market.

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