Advance Auto Parts (AAP) Receives a Hold from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Advance Auto Parts (AAPResearch Report) today and set a price target of $140. The company’s shares closed last Monday at $140.12.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 12.9% and a 69.8% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Michaels Companies.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $191.

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Based on Advance Auto Parts’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $143 million. In comparison, last year the company had a net profit of $118 million.

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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.