With 2.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.09 million shares. The 52-week range on AAP shows that it touched its highest point at $71.09 and its lowest point at $28.89 during that stretch. It currently has a 1-year price target of $45.21. With its current market cap of 2.87 billion, AAP has annualized dividend of $1.00 while the current yield stands at 2.09%. Beta for the stock currently stands at 1.10.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAP was down-trending over the past week, with a drop of -2.52%, but this was up by 46.49% over a month. Three-month performance surged to 29.89% while six-month performance rose 10.39%. The stock lost -31.70% in the past year, while it has gained 1.35% so far this year. A look at the trailing 12-month EPS for AAP yields -5.89 with Next year EPS estimates of 3.17. For the next quarter, that number is 0.52. This implies an EPS growth rate of 732.43% for this year and 72.83% for next year.
Float and Shares Shorts:
At present, 60.00 million AAP shares are outstanding with a float of 59.00 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAP since 13 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.23322 being high and -$0.4514 being low. For AAP, this leads to a yearly average estimate of -$0.34607. Based on analyst estimates, the high estimate for the next quarter is $1.07 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.83.
