AutoZone Inc. (NYSE:AZO) has been given a $841.00 price objective by Goldman Sachs Group Inc. in a report released on Monday. The firm currently has a a “hold” rating on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 13.03% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group AG set a $870.00 price target on shares of AutoZone and gave the company a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Susquehanna started coverage on shares of AutoZone in a research note on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price target on the stock. Citigroup Inc. reiterated a “buy” rating on shares of AutoZone in a report on Thursday, August 25th. Finally, Morgan Stanley set a $820.00 price objective on shares of AutoZone and gave the company a “hold” rating in a report on Thursday, August 11th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. AutoZone has a consensus rating of “Buy” and an average price target of $843.39.

Analyst Recommendations for AutoZone (NYSE:AZO)

AutoZone (NYSE:AZO) opened at 744.06 on Monday. The firm has a market cap of $21.75 billion, a PE ratio of 18.90 and a beta of 0.42. The stock has a 50 day moving average of $768.18 and a 200 day moving average of $777.28. AutoZone has a 12-month low of $681.01 and a 12-month high of $819.54.

In other news, insider Thomas B. Newbern sold 16,870 shares of AutoZone stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $799.82, for a total value of $13,492,963.40. Following the completion of the sale, the insider now owns 15,977 shares in the company, valued at approximately $12,778,724.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of AutoZone stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $795.24, for a total transaction of $795,240.00. Following the completion of the sale, the director now owns 4,127 shares of the company’s stock, valued at approximately $3,281,955.48. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in AutoZone by 0.3% in the second quarter. FMR LLC now owns 3,456,561 shares of the company’s stock valued at $2,743,956,000 after buying an additional 10,768 shares during the last quarter. Vanguard Group Inc. increased its stake in AutoZone by 0.4% in the second quarter. Vanguard Group Inc. now owns 1,813,090 shares of the company’s stock valued at $1,439,303,000 after buying an additional 6,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in AutoZone by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,713,596 shares of the company’s stock valued at $1,360,321,000 after buying an additional 35,351 shares during the last quarter. Nordea Investment Management AB increased its stake in AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock valued at $601,034,000 after buying an additional 472,766 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in AutoZone by 6.8% in the first quarter. BlackRock Fund Advisors now owns 675,496 shares of the company’s stock valued at $538,161,000 after buying an additional 42,911 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

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).

5 Day Chart for NYSE:AZO

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