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Advance Auto Parts, Inc. (NYSE:AAP) has been downgraded to Underperform in a statement by Bank of America Corp earlier today.

Boasting a price of $102.33, Advance Auto Parts, Inc. (NYSE:AAP) traded 1.14% higher on the day. With the last stock price 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 Parts, Inc. 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

Bank of America Corp has downgraded Advance Auto Parts, Inc. (NYSE:AAP) to Underperform in a statement released on Friday July 07, 2017.

Performance Chart

Advance Auto Parts, Inc. (NYSE:AAP)

With a total market value of $0, Advance Auto Parts, Inc. 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 released a report on Advance Auto Parts, Inc.. Four brokerages rating the stock a strong buy, 7 brokers rating the stock a buy, thirteen equity analysts rating the company a hold, one equity analyst rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $162.75.

More About Advance Auto Parts, Inc. (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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