Advance Auto Parts shares surge after better-than-expected third quarter earnings

Mae Love
November 14, 2017

(AAP) closed its previous trading session at $82.28 with the gain of 1.31%. The last close places the company's stock about $2.74 off its 52 week high of $80.65 and $35.35 above the 52 week low of $42.56. The company has an Average True Range (ATR) value of 2.24, while a Beta Value of 0.91. When we look at the Volatility of the company, Week Volatility is at 2.53% whereas Month Volatility is at 2.76%.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Future earnings predictions are perhaps the most essential input when trying to value a company.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.74, according to consensus of 23 analysts.

The provider of automotive aftermarket parts posted adjusted earnings per share of US$1.43 for the three months ended 7 October, down from US$1.73 the same period a year ago but better than market forecasts of US$1.22. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Analysts' estimates typically exclude special items. The company reported revenue of $2.05 Billion in the same period a year ago. UBS AG reissued a "buy" rating and set a $155.00 target price (down from $170.00) on shares of Advance Auto Parts in a report on Monday, August 7th. It has been assigned a low target price of $75 and a high target price of $154. The value of the investment in Advance Auto Parts Inc went from $15,023,000 to $12,410,000 a change of 17.4% quarter over quarter. Current price places the company's stock 27.54% away from its 200-day simple moving average, 16.41%, away from the 50-day average and also 12.77% away from 20-day average.

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The SMA20 for the stock is at -1.21 percent, SMA50 stands at -9.23 percent, while SMA200 is -32.82 Percent. (AAP) now has a Return on Assets (ROA) value of 4.4 Percent. The leverage of a company is relative to the amount of debt on the balance sheet. The Return on Investment (ROI) ratio of Advance Auto Parts Inc.

ROE ratio is a measure of profitability which calculates how much dollars of profit a firm makes with every dollar of stakeholder's equity.

Advance Auto Parts, Inc. When trading activity is abnormally high, it's often a sign that the market feels particularly strong in one way or another about the future direction of a stock.

Advance Auto Parts Inc. was covered by a number of analysts recently, 6 rated the stock as Buy, 7 rated Outperform, 10 rated Hold, 1 gave an Underperform and 2 rated sell. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. (NYSE:AAP) in the last month has decreased -4.34%. The stock traded on unusually shows upbeat performance surged volume of 3.89 Million comparing to the average volume of 2247.96 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Tobam bought a new position in shares of Advance Auto Parts in the second quarter valued at approximately $118,000.

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