Extremely important negative changes in investment behavior have recently occurred for Advance Auto Parts Inc. (NYSE: AAP): its longer term price trend turned down, and negative upside/downside volume developed.
Notable negative changes in fundamentals have recently occurred for Advance Auto Parts Inc. (NYSE: AAP): the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Advance Auto Parts has a good Appreciation Score of 79 but a neutral Power Rating of 46, with the Positive Value Trend Rating the result.
Recent Price Action
Advance Auto Parts Inc. (NYSE: AAP) stock declined by -2.6% on 8/27/24. The shares closed at $47.85. Moreover, trading volume in this decline was unusually high at 184% of normal. The stock has performed in line with the market over the last nine months and has declined -21.4% during the last week.
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