Why Advance Auto Parts, Inc. Stock is Soaring Today

Advanced Auto Parts

Shares are clocking price at $97.84 with change of 18.91%. The institutional investor held 939,435 shares of the semiconductors company at the end of 2017Q2, valued at $32.84M, down from 953,284 at the end of the previous reported quarter. The number of shares now owned by investors are 56.87 mln. About 2.78M shares traded or 41.84% up from the average. Taiwan Semiconductor Mfg. Co. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 7.39% since November 14, 2016 and is uptrending. It has outperformed by 152.93% the S&P500.

In latest trading activity; Advance Auto Parts, Inc. Same store sales fell to 3.4% and the company remained confident in a 1-3% decline in same store sales for 2017. ATR remains at 1.37 while Beta component of the stock stands at 0. About 172,455 shares traded. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since November 14, 2016 and is uptrending. It has underperformed by 11.18% the S&P500. The Price to Cash Flow for Advance Auto Parts, Inc. Analyst's mean target price for Advance Auto Parts, Inc. is $104.61. $250,481 worth of stock was bought by LEE EUGENE I JR on Friday, May 26. 350,000 shares were bought by Smith Jeffrey C, worth $47.00M. The price to earnings ratio for Advance Auto Parts, Inc. Active Investors often maintain a close study on trading capacity of AAP stock.

As of August 26, 2017 AutoZone sells auto and light truck parts, chemicals and accessories through 5,465 AutoZone stores in 50 states plus the District of Columbia and Puerto Rico in the US, and 524 stores in Mexico, 26 IMC branches and 14 stores in Brazil for a total count of 6,029.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Tuesday, November 14th. The stock of Advance Auto Parts, Inc. (NYSE:AAP) shares. 367 Advance Auto Parts, Inc.

Investors sentiment increased to 1.07 in 2017 Q2. The company has a quick ratio of 0.29, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. It increased, as 69 investors sold AAP shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. (NYSE:AAP). Commonwealth State Bank Of Aus owns 532 shares. The Earnings Yield for Advance Auto Parts, Inc. As Altice USA, Inc. has a P/S, P/E and P/B estimations of 1.67, 0 and 4.5 separately. Finally, State of Tennessee Treasury Department lifted its stake in Advance Auto Parts by 0.3% in the 2nd quarter. The EBITDA Yield for Advance Auto Parts, Inc. NYSE:AAP is 6.21%. This is calculated by taking the earnings per share and dividing it by the last closing share price. Nordea Invest Mgmt holds 3,619 shares or 0% of its portfolio. Hartford Invest Mgmt accumulated 80,074 shares. (NYSE:AAP). Parametric Port Assoc Lc holds 170,107 shares. Envestnet Asset Management owns 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP) or 147,065 shares. Balyasny Asset Management Limited Com, Illinois-based fund reported 20,964 shares.

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Among 26 analysts covering Advance Auto Parts Inc. Therefore 50% are positive. Advance Auto Parts, Inc. The firm has "Hold" rating by Raymond James given on Wednesday, October 4. Short shares grew from 7,385,454 to 7,402,531 over that period. There are brokerage firms with lower targets than the average, including one setting a price target of $75. As per Friday, February 12, the company rating was maintained by Wedbush. The firm has "Buy" rating given on Monday, September 7 by Zacks.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The consensus rating is 2.6, suggesting the market has given up on the stock. The stock of Taiwan Semiconductor Mfg. Co. (NASDAQ:WFM) on Thursday, May 11 to "Outperform" rating. On Tuesday, August 25 the stock rating was upgraded by Vetr to "Buy". HSBC downgraded Taiwan Semiconductor Mfg. Co. On Wednesday, August 26 the stock rating was upgraded by Global Hunter Securities to "Neutral". Goldman Sachs Group, Inc. (NASDAQ:WFM) on Tuesday, August 29 with "Buy" rating.

Analysts await Taiwan Semiconductor Mfg. Co.

They reported earnings per share of $1.43 on $2.18 billion in revenues while analyst were looking for $1.21 earnings per share on $2.21 billion in revenues.

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