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

It was reported on Sep, 12 by

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.

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