Why Did Mizuho Give Advance Auto Parts, Inc. (AAP) Stock Neutral Rating? – BOVNews (2024)

• Peggy Goldman
• September 2, 2024
• Market

Mizuho has recently initiated Advance Auto Parts, Inc. (AAP) stock to Neutral rating, as announced on March 19, 2024, according to Finviz. Earlier, on December 13, 2023, William Blair had resumed the stock to Mkt Perform. BofA Securities also reduced Underperform rating with a price target of $43. Additionally, TD Cowen initiated Market Perform rating on October 10, 2023, with a target price of $55. Atlantic Equities analysts, in their report published on July 10, 2023, also reduced Underweight rating and set a price target of $50 for Advance Auto Parts, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

Advance Auto Parts, Inc. (AAP) Stock Trading Recap

On Friday, Advance Auto Parts, Inc. (AAP) stock saw a decline, ending the day at $45.31 which represents a decrease of $-0.84 or -1.82% from the prior close of $46.15. The stock opened at $46.46 and touched a low of $44.9 during the day, reaching a high of $46.62. The volume of shares traded was 3.06 million exceeding the average volume of 1.76 million.

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AAP Stock Performance and Moving Averages

In recent trading, Advance Auto Parts, Inc. (AAP) stock price has shown some volatility, fluctuating -7.81% over the last five trades and -27.07% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -34.58%, and it has plunged by -35.86% in the previous three months. Currently, AAP is trading at -20.17%, -24.07%, and -30.95% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, AAP, a Consumer Cyclical sector stock, is trading -48.84% below its 52-week high but remains -1.06% above its 52-week low. The Average True Range (ATR) (14 days) of 2.43 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Advance Auto Parts, Inc.’s Profitability and Valuation Ratios

Advance Auto Parts, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.38% and a profit margin of 0.01%, with a gross margin of -34.58%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Advance Auto Parts, Inc.’s market capitalization stands at $2.70 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 3906.03, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.45. Additionally, the Price-to-Sales Ratio is 0.24, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.04, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.15% of Advance Auto Parts, Inc. (AAP)’s shares, while financial institutions hold 110.09%.

Notable insider trades include Word Herman L Jr, EVP, U.S. Stores & CQ Ind. at Advance Auto Parts, Inc. (AAP), who sold 1858 shares on Mar 21 ’24, at $86.08 each, totaling $0.16 million.

• TagsAAP, AAP stock, Advance Auto Parts, Inc.

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