Jefferies (NYSE:JEF) analyst Bret Jordan maintained a Buy rating on Advance Auto Parts (NYSE:AAP) Inc on Wednesday, setting a price target of $235, which is approximately 22.82% above the present share price of $191.33.
Jordan expects Advance Auto Parts Inc to post earnings per share (EPS) of $1.66 for the second quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Advance Auto Parts, with an average price target of $222.69.
The analysts price targets range from a high of $240 to a low of $200.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.37 billion and a net profit of $151.83 million. The company's market cap is $12.49 billion.
According to TipRanks.com, Jefferies analyst Bret Jordan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.3% and a 65.31% success rate.
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.