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Advance Auto (NYSE:AAP) target price raised to $109.00, reported today by RBC Capital

Yesterday Advance Auto (NYSE:AAP) traded -1.93% lower at $81.74. The company’s 50-day moving average is $93.73 and its 200-day moving average is $114.67. The last stock close price is down -26.53% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,789,466 shares of the stock were exchanged, down from an average trading volume of 2,159,300

Advance Auto (NYSE:AAP) had its target price raised to $109.00 by RBC Capital in a report released 11/15/2017. The new target price indicates a possible upside of 0.33% based on the company's last stock close price.

Previously on 10/25/2017, BTIG Research reported about Advance Auto (NYSE:AAP) lowered the target price from $9.00 to $7.00. At the time, this indicated a possible downside of -0.92%.

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Advance Auto (NYSE:AAP)

Advance Auto has a 52 week low of $82.21 and a 52 week high of $177.83 with a P/E ratio of 16.82 The company’s market cap is currently $0.

In addition to RBC Capital reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $162.75 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 13 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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