# Advance Auto Parts, Inc.  Share Price Target ‘$56.60’, now -12.6% Downside Potential

- Link: https://www.directorstalkinterviews.com/advance-auto-parts-inc.share-price-target-56.60-now-12.6-downside-potential/4121145173
- Published: 2024-02-29T13:31:13+00:00
- Author: Charlotte Edwards

**Advance Auto Parts, Inc.** which can be found using ticker (AAP) now have 20 analysts
in total covering the stock. The consensus rating is pointing to ‘hold’. The range
between the high target price and low target price is between $98.00 and $31.00 
suggesting an average analyst share price target price of $56.60. (at the time of
writing). Given that the stocks previous close was at $64.75 this now indicates 
there is a potential downside of -12.6%. Also worth taking note is the 50 day moving
average now sits at $63.29 and the 200 day MA is $65.63. The total market capitalization
for the company now stands at 3.95B. The stock price is currently at: $66.42 USD

 The potential market cap would be $3,454,673,985 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 19.31, revenue per share of $189.93
and a 0.59% return on assets.

Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America,
serving both professional installers and do-it-yourself (DIY) customers. Its stores
and branches offer a selection of brand names, original equipment manufacturers (
OEM), and brand-owned automotive replacement parts, accessories, batteries and maintenance
items for domestic and imported cars, vans, sport utility vehicles, and light and
heavy-duty trucks. It operates approximately 4,770 stores and 316 branches within
the United States, Canada, Puerto Rico, and the United States Virgin Islands. The
Company operates through four trade names: Advance Auto Parts, Autopart International,
Carquest, and Worldpac. Its Advance Auto Parts focus on both professional and DIY
customers. The stores carry a variety of products serving aftermarket auto part 
needs for both domestic and import vehicles. Its Autopart International operates
in the North-eastern and Mid-Atlantic regions of the United States.

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