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InvestorsObserver is giving Advance Auto Parts, Inc. (AAP) an Analyst Rating Rank of 14, meaning AAP is ranked higher by analysts than 14% of stocks. The average price target for AAP is $77,625 and analyst’s rate the stock as a Buy.
Why are Analyst Ratings Important?
Even though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow in-depth sectors/industries and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With Advance Auto Parts, Inc. StockToday?
Advance Auto Parts, Inc. (AAP) stock is trading at $70.51 as of 3:14 PM on Friday, Jun 30, an increase of $2.26, or 3.31% from the previous closing price of $68.25. The stock has traded between $67.84 and $70.61 so far today. Today’s volume is light. So far 1,402,664 shares have traded compared to an average volume of 3,686,633 shares. Click Here to get the full Stock Report for Advance Auto Parts, Inc. stock.