Advance Auto Parts (AAP) Receives a Buy from Morgan Stanley

Morgan Stanley analyst Simeon Gutman maintained a Buy rating on Advance Auto Parts (AAPResearch Report) today and set a price target of $185. The company’s shares closed last Monday at $142.23.

According to TipRanks.com, Gutman is a 1-star analyst with an average return of -0.5% and a 47.0% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Michaels Companies, and Bed Bath & Beyond.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $175.50, a 34.2% upside from current levels. In a report issued on August 6, UBS also maintained a Buy rating on the stock with a $205 price target.

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Advance Auto Parts’ market cap is currently $10.2B and has a P/E ratio of 24.28. The company has a Price to Book ratio of 2.88.

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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.