AutoZone, Inc. (NYSE:AZO) Receives $3,429.84 Consensus Price Target from Analysts

Shares of AutoZone, Inc. (NYSE:AZOGet 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

Several large investors have recently bought and sold shares of AZO. Dimensional Fund Advisors LP lifted its stake in AutoZone by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 49,663 shares of the company’s stock valued at $147,204,000 after purchasing an additional 7,908 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares during the last quarter. Ieq Capital LLC raised its stake in AutoZone by 7.2% in the 2nd quarter. Ieq Capital LLC now owns 880 shares of the company’s stock valued at $2,609,000 after acquiring an additional 59 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in AutoZone by 22.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 717 shares of the company’s stock valued at $2,126,000 after acquiring an additional 130 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in AutoZone by 5.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock valued at $3,699,000 after purchasing an additional 61 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

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:AZOGet 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

(Get Free Report

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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Analyst Recommendations for AutoZone (NYSE:AZO)

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