Why Advance Auto Parts Inc (NYSE:AAP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $159.76 on Advance Auto Parts Inc (NYSE:AAP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.86 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Advance Auto Parts Inc (NYSE:AAP) stands at 24.76.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Advance Auto Parts Inc Advance , the PEG ratio for coming 3-5 years is 1.99.

Technical Analysis

The technical analysis highlights that Advance Auto Parts Inc Advance current is trading $-2.98 points away or -1.80% from its 50-day moving average of $164.94. Further it is trading $5.80 or +3.71% away its 200-day moving average of $156.16.

The 52-week high of Advance Auto Parts Inc (NYSE:AAP) was $201.24 while lowest point recorded in 52-week was $131.59. It implies if stock price makes a movement of over $-39.28, it will record a new 52-week high. In the case of +23.08% drop, it will touch a new 52-week low.

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