Somewhat Positive Media Coverage Somewhat Unlikely to Impact Advance Auto Parts (AAP) Share Price

Media headlines about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advance Auto Parts earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.684522453806 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

AAP has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. Guggenheim raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Tuesday, April 17th. JPMorgan Chase upped their price objective on shares of Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Credit Suisse Group raised shares of Advance Auto Parts to a “buy” rating and set a $122.00 price objective for the company in a research report on Sunday, April 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $125.00 price objective (up previously from $100.00) on shares of Advance Auto Parts in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Advance Auto Parts has a consensus rating of “Hold” and a consensus target price of $115.33.

Shares of Advance Auto Parts traded up $0.76, reaching $119.79, on Thursday, Marketbeat reports. The company had a trading volume of 1,054,851 shares, compared to its average volume of 1,260,432. The stock has a market capitalization of $8.87 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.05. The company has a current ratio of 1.56, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. Advance Auto Parts has a one year low of $119.19 and a one year high of $121.32.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, February 21st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Advance Auto Parts had a net margin of 5.07% and a return on equity of 12.45%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. equities analysts predict that Advance Auto Parts will post 6.7 EPS for the current fiscal year.

In other news, insider Thomas Greco acquired 8,640 shares of the stock in a transaction dated Wednesday, March 21st. The stock was bought at an average price of $115.77 per share, with a total value of $1,000,252.80. Following the completion of the purchase, the insider now directly owns 135,081 shares of the company’s stock, valued at approximately $15,638,327.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tammy M. Finley sold 342 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $116.35, for a total value of $39,791.70. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

Insider Buying and Selling by Quarter for Advance Auto Parts (NYSE:AAP)

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