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0 0.000410172272354366 -0.000820344544708848 0.00102543068088597 0.00426579163248561 0.00828547990155858 0.011402789171452 0.00820344544708778
Stock impact report

Credit Suisse defends Advance Auto Parts [Seeking Alpha]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Credit Suisse defends Advance Auto PartsCredit Suisse keeps an Outperform rating on Advance Auto Parts (AAP+5.7%) after taking in the company's Q1 earnings report.Analyst Seth Sigman on AAP: "While comps were lower at -0.8%, the trend is improving from prior quarters as we show, which along with stronger QTD commentary, a return to gross profit dollar growth, an improvement in margin rate (even ex-SG&A shift to Q2), and improving FCF, should continue to support the EPS improvement story."CS lifts its 2018 EPS estimate to $6.68 and see 2019 EPS of $7.67. The firm sets a price target of $130 on the auto retailer.Previously:Advance Auto Parts beats by $0.13, misses on revenue (May 22)Previously:Advance Auto Parts down on mixed Q1 results(May 22)Click to subscribe to real-time analytics on AAPNow read:U.S. Auto Parts Network: Potential Acquisition Target » Show less Read more
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