Advance Auto Parts (AAP) Gets a Hold Rating from Wells Fargo

In a report released yesterday, Zachary Fadem from Wells Fargo maintained a Hold rating on Advance Auto Parts (AAPResearch Report), with a price target of $245.00. The company’s shares closed last Monday at $224.28.

According to, Fadem is a 5-star analyst with an average return of 21.6% and a 66.8% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $264.88, a 18.8% upside from current levels. In a report issued on February 10, RBC Capital also maintained a Hold rating on the stock with a $239.00 price target.

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Advance Auto Parts’ market cap is currently $13.9B and has a P/E ratio of 22.56.

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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

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