RBC Capital analyst Scot Ciccarelli maintained a Buy rating on Advance Auto Parts (NYSE:AAP) Inc on Tuesday, setting a price target of $186, which is approximately 14.94% above the present share price of $161.82.
Ciccarelli expects Advance Auto Parts Inc to post earnings per share (EPS) of $2.14 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Advance Auto Parts, with an average price target of $179.25.
The analysts price targets range from a high of $199 to a low of $157.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.54 billion and a net profit of $256.81 million. The company's market cap is $10.98 billion.
According to TipRanks.com, RBC Capital analyst Scot Ciccarelli is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.4% and a 76.77% 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.