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Advance Auto (NYSE:AAP) has been downgraded from Neutral to Underperform in a report by BofA Merrill today.

Boasting a price of $103.16, Advance Auto (NYSE:AAP) traded 1.14% higher on the day. With the last close down -22.12% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Advance Auto has recorded a 50-day average of $108.57 and a two hundred day average of $137.82. Volume of trade was up over the average, with 1,903,503 shares of AAP changing hands over the typical 1,853,740

BofA Merrill has downgraded Advance Auto (NYSE:AAP) from Neutral to Underperform in a statement released on 7/07/2017.

Previously on Thursday July 06, 2017, RBC Capital Markets released a statement about Advance Auto (NYSE:AAP) reduced the target price from $153.00 to $125.00. At the time, this suggested an upside of 0.20%.

Performance Chart

Advance Auto (NYSE:AAP)

With a total market value of $0, Advance Auto has price-earnings ratio of 19.45 with a one year low of $99.13 and a one year high of $177.83 .

A total of 16 brokerages have issued a ratings update on Advance Auto. Four brokerages rating the company a strong buy, seven brokerages rating the company a buy, thirteen brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $162.75.

General Company Details For Advance Auto (NYSE:AAP)

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of December 31, 2016, it operated 5,062 total stores and 127 branches primarily under the trade names Advance Auto Parts, Autopart International, Carquest and Worldpac. As of December 31, 2016, its Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names.

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