Advance Auto Parts Receives a Hold from Oppenheimer

By Jason Carr

Oppenheimer analyst Brian Nagel assigned a Hold rating to Advance Auto Parts (NYSE: AAP) today. The company’s shares opened today at $145.82.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 1.8% and a 47.0% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Lumber Liquidators, and Bed Bath & Beyond.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $162.57.

Advance Auto Parts’ market cap is currently $10.33B and has a P/E ratio of 23.56. The company has a book value ratio of 3.9049.

Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAP in relation to earlier this year.

Advance Auto Parts, Inc. operates as a retailer of automotive aftermarket parts, accessories, batteries and maintenance items. Its stores carry an extensive product line for cars, vans; sport utility vehicles and light trucks. The company was founded by Arthur Taubman in 1929 and is headquartered in Roanoke, VA.