TD Cowen analyst Max Rakhlenko maintains $Advance Auto Parts (AAP.US)$ with a hold rating, and adjusts the target price from $55 to $40.
According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 9.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Advance Auto Parts (AAP.US)$'s main analysts recently are as follows:
Following Q3 earnings that fell short of expectations with EPS notably below consensus, along with a 2.3% decline in comparable sales, concerns linger around the potential ongoing impact on sales and margin rates into 2025 due to pricing adjustments, strategic investments, and prevailing consumer uncertainty. Additionally noted was the revised 2024 guidance post-Worldpac sale, projecting revenues around $9B and a slight decline in comparable sales.
Following the announcement of Q3 results and an 'asset optimization program', there is a perception that the company has a robust grasp of its challenges and has introduced what appears to be a viable strategic plan. However, despite increasing optimism, there is a preference to witness concrete evidence of consistent progress, following several unsuccessful turnaround efforts in the past.
Note:
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TD Cowen分析师Max Rakhlenko维持$Advance Auto Parts (AAP.US)$持有评级，并将目标价从55美元下调至40美元。
根据TipRanks数据显示，该分析师近一年总胜率为62.0%，总平均回报率为9.7%。
此外，综合报道，$Advance Auto Parts (AAP.US)$近期主要分析师观点如下：
第三季度收益低于预期，每股收益明显低于预期，可比销售额下降2.3％，此后，由于定价调整、战略投资和当前的消费者不确定性，对2025年销售和利润率的潜在持续影响的担忧依然存在。另外值得注意的是WorldPac销售后修订后的2024年指导方针，预计收入约为90亿美元，可比销售额略有下降。
在公布第三季度业绩和 “资产优化计划” 之后，人们认为该公司对挑战有了充分的把握，并推出了看似可行的战略计划。然而，尽管乐观情绪日益增强，但人们还是倾向于亲眼目睹持续进展的具体证据，过去几次的扭转努力均告失败。
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