Advance Auto Elements (NYSE:AAP – Get Ranking) had its value goal lowered by UBS Group from $132.00 to $75.00 in a analysis report report revealed on Thursday, The Fly stories.
Different analysts have additionally issued analysis stories in regards to the firm. Wedbush lowered their value goal on Advance Auto Elements from $145.00 to $115.00 in a analysis observe on Friday, Could twenty sixth. Citigroup decreased their value goal on Advance Auto Elements from $126.00 to $76.00 in a analysis observe on Thursday. JPMorgan Chase & Co. lowered shares of Advance Auto Elements from an obese ranking to a impartial ranking and reduce their goal value for the inventory from $165.00 to $84.00 in a analysis observe on Thursday. Barclays lowered their value goal on shares of Advance Auto Elements from $129.00 to $69.00 in a report on Thursday. Lastly, Morgan Stanley lowered their value goal on shares of Advance Auto Elements from $130.00 to $80.00 in a report on Thursday. Seventeen analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the corporate. Based mostly on information from MarketBeat, Advance Auto Elements presently has a consensus ranking of Maintain and a consensus value goal of $104.42.
Advance Auto Elements Inventory Down 6.7 %
NYSE:AAP opened at $68.04 on Thursday. Advance Auto Elements has a 52 week low of $67.80 and a 52 week excessive of $212.25. The corporate has a fast ratio of 0.21, a present ratio of 1.13 and a debt-to-equity ratio of 0.44. The inventory’s fifty day transferring common is $119.19 and its two-hundred day transferring common is $136.06. The inventory has a market capitalization of $4.03 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10.
Advance Auto Elements (NYSE:AAP – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, Could thirty first. The corporate reported $0.72 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $2.60 by ($1.88). Advance Auto Elements had a return on fairness of 28.53% and a internet margin of 4.50%. The enterprise had income of $3.42 billion for the quarter, in comparison with analysts’ expectations of $3.43 billion. Throughout the identical quarter final 12 months, the corporate earned $3.57 earnings per share. Analysis analysts anticipate that Advance Auto Elements will put up 10.63 EPS for the present 12 months.
Advance Auto Elements Cuts Dividend
The enterprise additionally lately introduced a quarterly dividend, which shall be paid on Friday, July twenty eighth. Stockholders of document on Friday, July 14th shall be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized foundation and a dividend yield of 1.47%. The ex-dividend date is Thursday, July thirteenth. Advance Auto Elements’s payout ratio is at the moment 72.55%.
Hedge Funds Weigh In On Advance Auto Elements
Numerous hedge funds and different institutional traders have lately purchased and offered shares of the corporate. Clear Road Markets LLC boosted its holdings in shares of Advance Auto Elements by 245.9% within the first quarter. Clear Road Markets LLC now owns 211 shares of the corporate’s inventory valued at $26,000 after buying an extra 150 shares within the final quarter. Ameritas Advisory Companies LLC bought a brand new stake in Advance Auto Elements within the 1st quarter valued at roughly $29,000. Machina Capital S.A.S. acquired a brand new place in Advance Auto Elements in the course of the 1st quarter price roughly $32,000. Covestor Ltd raised its stake in shares of Advance Auto Elements by 113.7% in the course of the 1st quarter. Covestor Ltd now owns 156 shares of the corporate’s inventory price $32,000 after shopping for an extra 83 shares within the final quarter. Lastly, Hexagon Capital Companions LLC lifted its holdings in shares of Advance Auto Elements by 9,933.3% within the 1st quarter. Hexagon Capital Companions LLC now owns 301 shares of the corporate’s inventory valued at $37,000 after shopping for an extra 298 shares in the course of the interval. 96.04% of the inventory is at the moment owned by hedge funds and different institutional traders.
Advance Auto Elements Firm Profile
Advance Auto Elements, Inc engages within the provide and distribution of aftermarket automotive merchandise for each skilled installers and do-it-yourself clients. It operates by way of the next segments: Advance Auto Elements/Carquest U.S., Carquest Canada, Worldpac, and Independents. The corporate was based by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
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