Recent exceptional negative changes in investment behavior have affected Advance Auto Parts Inc. (NYSE: AAP): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Advance Auto Parts Inc. (NYSE: AAP) suffers from notable negative changes in fundamentals: 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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Advance Auto Parts has a slightly positive Appreciation Score of 63 and a very high Power Rating of 85, triggering the Highest Value Trend Rating.
Recent Price Action
Advance Auto Parts Inc. (NYSE: AAP) stock declined by -2.2% on 6/10/24. The shares closed at $63.19. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.5% during the last week.
Be the first to comment