Advance Auto Parts (AAP) Receives a Hold from Oppenheimer

Oppenheimer analyst Brian Nagel maintained a Hold rating on Advance Auto Parts (AAPResearch Report) today. The company’s shares closed last Monday at $143.00.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 12.4% and a 70.8% success rate. Nagel covers the Services sector, focusing on stocks such as Urban Outfitters, WW International, and Williams-Sonoma.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advance Auto Parts with a $161.40 average price target, which is an 11.0% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a price target.

See today’s analyst top recommended stocks >>

Based on Advance Auto Parts’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $124 million. In comparison, last year the company had a net profit of $53.44 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.