Economy

Advance Auto Parts Inc (AAP) Rating Reiterated by Bank of America Corporation

It was reported on Sep, 12 by Barchart.com.

Advance Auto Parts, Inc. most recently reported earnings per share (EPS) of $1.58 for the June 2017 versus $1.9 in the same quarter previous year, representing -17% growth. Lafitte Capital Management Lp divested its holdings by selling 286,744 shares a decrease of 11.6% as of 06/30/2017. Advance Auto Parts Inc now has $7.18B valuation. The stock rose 3.05% or $2.88 reaching $97.28 per share. About 1.70M shares traded.

07/19/2017 - Advance Auto Parts Inc had its "buy" rating reiterated by analysts at Deutsche Bank.

Advance Auto Parts Inc (NYSE:AAP)'s stock had its "buy" rating reissued by Jefferies Group LLC in a research note issued on Tuesday. It has underperformed by 18.84% the S&P500.

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.28, from 0.9 in 2016Q3. It is positive, as 50 investors sold AAP shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. (NYSE:AAP). Yorktown Mngmt And Incorporated holds 0.06% in Advance Auto Parts, Inc. (NYSE:AAP) for 27,099 shares. Gateway Investment Advisers Limited Company invested 0.01% of its portfolio in Advance Auto Parts, Inc. Wealthtrust accumulated 110 shares or 0.01% of the stock. Ameriprise Inc holds 617,264 shares. Moreover, Cannell Capital Llc has 0.94% invested in the company for 836,920 shares. Concourse Capital Management Ltd Liability Corporation holds 1.28% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 22,581 shares.

08/16/2017 - Advance Auto Parts Inc had its "buy" rating reiterated by analysts at Goldman Sachs. As of December 31, 2016, the Business's Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names. Tiedemann Wealth Mgmt Ltd Llc holds 0.03% or 3,140 shares. North Star Investment Management Corp., a Illinois-based fund reported 619,025 shares. Comerica Bancshares holds 0.01% in Paypoint plc (LON:PAY) or 85,146 shares.

The analysts offering 12 month price targets for Advance Auto Parts, Inc. have a median target of $100, with a high estimate of $154 and a low estimate of $82. (NASDAQ:ANSS), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive.

Advance Auto Parts Inc was downgraded to "sell" by analysts at Citigroup. As per Thursday, July 13, the company rating was downgraded by BTIG Research. RBC Capital Markets maintained the shares of IR in report on Monday, June 5 with "Hold" rating. (NYSE:AAP) on Friday, August 14 with "Buy" rating. (NYSE:AAP) has "Buy" rating given on Wednesday, August 9 by Jefferies. The firm earned "Hold" rating on Friday, April 15 by Gabelli. Bank of America Corporation's price objective suggests a potential downside of 7.31% from the stock's current price. The firm's stock has a market capitalization of $6.97 bln. The firm has "Neutral" rating by Citigroup given on Wednesday, August 17.

Ferguson Wellman Capital Management Inc increased Ingersoll Rand (IR) stake by 3.9% reported in 2016Q4 SEC filing. BlackRock Inc. now owns 4,320,280 shares of the company's stock valued at $640,524,000 after acquiring an additional 4,187,042 shares during the period. Molson Coors Brewing Co (NYSE:TAP) was raised too.

Since March 20, 2017, it had 6 buys, and 1 insider sale for $49.27 million activity. Karaboutis Adriana bought 367 shares worth $49,648. 1,200 shares were bought by Buss Brad W, worth $161,364. Shares for $411,113 were sold by Carter William Harrison. Smith Jeffrey C bought $47.00M worth of Advance Auto Parts, Inc. (NYSE:AAP) or 1,500 shares. Shares for $67,435 were bought by Slone Reuben E on Tuesday, May 30. (NYSE:AAP) shares with value of $2.15M were bought by Greco Thomas. LEE EUGENE I JR also bought $250,481 worth of Advance Auto Parts, Inc. The Company's solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.



Like this

Latest


13 September 2017
Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Sees Significantly Higher Trading Volume
Analyzing Fiesta Restaurant Group's valuation metrics and ratios provides further insight into why insiders may be buying shares. It increased, as 34 investors sold AMG shares while 171 reduced holdings. 29 funds opened positions while 37 raised stakes.

13 September 2017
Pa. House GOP to test budget-balancing plan in growing stalemate
Tom Wolf reportedly opposes the Republican plan stating that it would have consequences on a wide range of communities. A loan would help the state make its payments on time until the spring, when a large volume of tax collections is due.

13 September 2017
Texans place CJ Fiedorowicz on IR
The NFL punished Strong for violating the league's substance abuse policy, stemming from his marijuana possession arrest in 2016. In his first two seasons, Strong has recorded 28 receptions for 292 yards and three touchdowns in 18 games.

13 September 2017
Humana Inc. (HUM) Stake Raised by Cipher Capital LP
Also, VP M Todoroff Christopher sold 22,935 shares of the company's stock in a transaction that occurred on Thursday, August 10th. It increased, as 89 investors sold PG shares while 777 reduced holdings. 3 funds opened positions while 1 raised stakes.

13 September 2017
Coeur Mining Breaks Below 200-Day Moving Average - Notable for CDE
The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .

13 September 2017
Jose weakens, turns eastward as Category 1 hurricane
It will be blocked from heading north, or east, or south, so the storm will do a clockwise loop over the next four days. The details on this are uncertain, but the chances of another pulse of solid swell are increasing.

13 September 2017
Pfizer Inc. (NYSE:PFE) ratings during last week
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Following the transaction, the insider now directly owns 74,506 shares in the company, valued at approximately $2,436,346.20.

13 September 2017
Two missing after auto in Christchurch lake
Mr and Mrs Ram moved from Fiji to New Zealand a couple of years ago after marrying in February 2016, family members told Stuff. He would not confirm what led to the crash, but some media have reported the woman was being given a driving lesson.

13 September 2017
Jone Jones's B Sample Before UFC 214 Confirms Failed Drug Test
Results of the B sample are often seen as a formality, considering how rare it is for them to contradict the A sample. Jones is widely regarded as one of the best fighters in the history of combat sports, if not the overall best.

13 September 2017
Irma Leaves Flooding and Destruction Across Florida — Surveying the Damage
Tommy Nevitt carries Miranda Abbott, 6, through floodwaters from Hurricane Irma on the west side of Jacksonville, Fla., on Monday. At one point, Irma's reach extended from South Florida to Jacksonville, its girth eclipsing the size of the state itself.



Recommended