|Bid||54.80 x 1800|
|Ask||57.09 x 3000|
|Day's range||55.56 - 57.25|
|52-week range||53.26 - 194.35|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||9.66|
|Earnings date||13 Nov 2023 - 17 Nov 2023|
|Forward dividend & yield||1.00 (1.82%)|
|Ex-dividend date||12 Oct 2023|
|1y target est||70.06|
Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
First, I'd like to see at least some semblance of a competitive advantage. When asking my followers on social media, PayPal Holdings (NASDAQ: PYPL) came out as the runaway winner for struggling stocks to buy at a discount, and I agree that it has potential. Discount retailer Dollar General has a competitive advantage: over 19,000 locations around the country.
Monday witnessed a significant development for Advance Auto Parts (NYSE:AAP), as S&P Global Ratings downgraded the automobile parts retailer's debt to "junk" status. The downgrade comes in light of the company's sales underperformance compared to industry rivals AutoZone (NYSE:AZO) and O'Reilly (NASDAQ:ORLY) Automotive over the past 18 months. The company's strategy of maintaining high prices has been identified as a contributing factor to its loss of market share.