BTIG Keeps Their Sell Rating on Advance Auto Parts

By Carrie Williams

In a report released today, Alan Rifkin from BTIG reiterated a Sell rating on Advance Auto Parts (NYSE: AAP), with a price target of $109. The company’s shares closed yesterday at $120.11, close to its 52-week low of $118.26.

According to TipRanks.com, Rifkin is a 4-star analyst with an average return of 9.5% and a 60.3% success rate. Rifkin covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Barnes & Noble Inc, and Michaels Companies.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $155.50.

The company has a one year high of $177.83 and a one year low of $118.26. Currently, Advance Auto Parts has an average volume of 1.33M.

Based on the recent corporate insider activity of 87 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.,003CZW-E