AutoZone Inc. (AZO) Receives $860.67 Average PT from Brokerages
Shares of AutoZone Inc. (NYSE:AZO) have been given an average recommendation of “Buy” by the twenty-three research firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $860.67.
Several equities analysts have weighed in on AZO shares. Credit Suisse Group AG set a $870.00 target price on AutoZone and gave the company a “buy” rating in a report on Saturday, September 17th. Citigroup Inc. restated a “buy” rating on shares of AutoZone in a report on Thursday, August 25th. Argus restated a “buy” rating and set a $875.00 target price on shares of AutoZone in a report on Saturday, October 22nd. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $889.00 target price on the stock in a report on Wednesday, November 23rd. Finally, Morgan Stanley set a $820.00 target price on AutoZone and gave the company a “hold” rating in a report on Thursday, August 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pennsylvania Trust Co bought a new position in AutoZone during the second quarter valued at $200,000. Leavell Investment Management Inc. bought a new position in AutoZone during the second quarter valued at $298,000. Nisa Investment Advisors LLC boosted its position in AutoZone by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,927 shares of the company’s stock valued at $6,292,000 after buying an additional 400 shares during the period. Sumitomo Life Insurance Co. bought a new position in AutoZone during the second quarter valued at $1,939,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in AutoZone by 29.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,107 shares of the company’s stock valued at $2,466,000 after buying an additional 700 shares during the period. Institutional investors own 94.06% of the company’s stock.
Shares of AutoZone (NYSE:AZO) opened at 797.96 on Wednesday. The firm’s 50-day moving average price is $753.08 and its 200 day moving average price is $767.66. AutoZone has a 52 week low of $681.01 and a 52 week high of $819.54. The firm has a market cap of $23.03 billion, a PE ratio of 19.61 and a beta of 0.61.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.05. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The business earned $3.40 billion during the quarter. During the same quarter in the prior year, the business posted $12.75 earnings per share. AutoZone’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that AutoZone will post $45.44 EPS for the current year.
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AutoZone Company Profile
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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