Advance Auto Parts (AAP) Receiving Somewhat Favorable News Coverage, Accern Reports

News coverage about Advance Auto Parts (NYSE:AAP) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Advance Auto Parts earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.6104016491771 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Advance Auto Parts (NYSE AAP) opened at 86.56 on Friday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 17.28 and a beta of 0.92. Advance Auto Parts has a 1-year low of $82.21 and a 1-year high of $177.83. The firm’s 50 day moving average price is $95.84 and its 200-day moving average price is $118.52.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.07). Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company posted $1.90 earnings per share. Advance Auto Parts’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that Advance Auto Parts will post $5.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 22nd were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.28%. Advance Auto Parts’s dividend payout ratio is currently 4.80%.

Several brokerages have recently weighed in on AAP. Cleveland Research downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Jefferies Group LLC increased their price target on Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. Credit Suisse Group set a $150.00 price target on Advance Auto Parts and gave the stock a “buy” rating in a report on Monday, June 26th. BTIG Research reissued a “sell” rating and issued a $109.00 price objective (down previously from $120.00) on shares of Advance Auto Parts in a research note on Thursday, June 22nd. Finally, Maxim Group reissued a “buy” rating on shares of Advance Auto Parts in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $118.79.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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