# Advance Auto Parts, Inc.  Share Price Target ‘$56.65’, now -14.3% Downside Potential

- Link: https://www.directorstalkinterviews.com/advance-auto-parts-inc.share-price-target-56.65-now-14.3-downside-potential/4121141952
- Published: 2024-02-09T14:47:46+00:00
- Author: Charlotte Edwards

**Advance Auto Parts, Inc.** which can be found using ticker (AAP) have now 20 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘hold’. The
range between the high target price and low target price is between $98.00 and $
32.00 with the average share target price sitting at $56.65. (at the time of writing).
Given that the stocks previous close was at $66.09 this is indicating there is a
potential downside of -14.3%. It’s also worth noting that there is a 50 day moving
average of $61.28 and the 200 moving average now moves to $69.59. The company has
a market capitalization of 3.82B. The stock price for the company is currently $
64.14 USD

 The potential market cap would be $3,271,332,415 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 18.65, revenue per share of $190.12
and a 2% 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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