Extremely significant negative changes in Advance Auto Parts Inc. (NYSE: AAP) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent important negative changes in fundamentals have affected Advance Auto Parts Inc. (NYSE: AAP): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AAP is expected to continue to be a Value Builder.
Advance Auto Parts has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Advance Auto Parts has a slightly positive Appreciation Score of 63 and a good Power Rating of 83, triggering the Highest Value Trend Rating.
Recent Price Action
On 7/1/24, Advance Auto Parts Inc. (NYSE: AAP) stock suffered a large decline of -5.7%, closing at $59.71. NORMAL trading volume accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.2% during the last week.
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