Citigroup Keeps a Hold Rating on Advance Auto Parts (AAP)

By Austin Angelo

In a report released today, Geoff Small from Citigroup maintained a Hold rating on Advance Auto Parts (AAPResearch Report), with a price target of $156. The company’s shares closed last Monday at $142.23.

According to TipRanks.com, Small is ranked #3691 out of 5239 analysts.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $177.33, implying a 35.6% upside from current levels. In a report released today, Guggenheim also downgraded the stock to Hold.

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Based on Advance Auto Parts’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $143 million. In comparison, last year the company had a net profit of $118 million.

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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.