Shares of AutoZone, Inc. (NYSE:AZO – Get Free Report) have earned an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3,429.84.
A number of brokerages recently weighed in on AZO. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. BMO Capital Markets initiated coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Mizuho lifted their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Guggenheim boosted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.
Read Our Latest Research Report on AZO
Institutional Inflows and Outflows
AutoZone Trading Up 0.9 %
AZO opened at $3,326.80 on Monday. The stock’s 50 day simple moving average is $3,226.34 and its 200-day simple moving average is $3,142.72. The stock has a market cap of $55.82 billion, a PE ratio of 22.23, a P/E/G ratio of 1.78 and a beta of 0.71. AutoZone has a 1 year low of $2,672.31 and a 1 year high of $3,416.71.
AutoZone (NYSE:AZO – Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $32.55 EPS. Equities analysts forecast that AutoZone will post 152.94 earnings per share for the current fiscal year.
About AutoZone
AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
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