Advance Auto Parts Maintains Hold Rating at Roth MKM with $50 Target Price

Roth MKM analyst Scott Stember maintains a Hold rating on Advance Auto Parts with a price target of $50.00. The company's shares closed at $61.81. Stember has an average return of 9.3% and a 61.42% success rate on recommended stocks. The analyst consensus rating for Advance Auto Parts is Hold with a $51.56 average price target, a -16.58% downside from current levels.

Advance Auto Parts Inc. (AAP) has received a Hold rating from 21 analysts, with an average price target of $51.56, according to TipRanks [1]. This rating represents a -16.58% downside from the current share price of $61.81. Among the analysts, Roth MKM's Scott Stember maintains a Hold rating with a price target of $50.00. Stember's average return on recommended stocks is 9.3%, with a success rate of 61.42% [1].

Analyst Ratings and Price Targets

- Scott Stember (Roth MKM): Hold, Price Target $50.00 [1]
- Michael Lasser (UBS): Hold, Price Target $50.00 to $65.00 [1]
- Zachary Fadem (Wells Fargo): Hold, Price Target $35.00 to $45.00 [1]
- Greg Melich (Evercore ISI): Hold, Price Target $56.00 to $58.00 [1]
- Simeon Gutman (Morgan Stanley): Hold, Price Target $48.00 [1]
- Kate McShane (Goldman Sachs): Sell [1]
- Steven Forbes (Guggenheim): Hold [1]
- Sam Hudson (Redburn Atlantic): Hold, Upgraded from Sell [1]

Financial Forecasts

- Earnings: Next quarter's earnings estimate for AAP is $0.81, with a range of $0.52 to $1.02. The previous quarter’s EPS was $0.69 [1].
- Sales: Next quarter’s sales forecast for AAP is $2.00B, with a range of $1.89B to $2.07B. The previous quarter’s sales results were $2.00B [1].

Conclusion

The analyst consensus for Advance Auto Parts remains cautious, with the majority maintaining a Hold rating and expecting a downside potential. While Scott Stember's Hold rating with a price target of $50.00 aligns with the overall analyst consensus, the company's earnings and sales forecasts suggest a steady performance. Investors should closely monitor AAP's financial performance and analyst ratings to make informed investment decisions.

References

[1] https://www.tipranks.com/stocks/aap/forecast