AutoZone (AZO) PT Raised to $0.00
AutoZone (NYSE:AZO) had its price objective increased by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock.
Several other brokerages also recently commented on AZO. Citigroup raised their target price on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a report on Wednesday. Guggenheim downgraded shares of AutoZone from a “buy” rating to a “neutral” rating in a report on Wednesday. UBS restated a “buy” rating and set a $750.00 target price (down from $810.00) on shares of AutoZone in a report on Wednesday. Raymond James Financial restated a “hold” rating on shares of AutoZone in a report on Saturday. Finally, Moffett Nathanson began coverage on shares of AutoZone in a report on Monday. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $735.20.
Shares of AutoZone (NYSE:AZO) traded up $2.99 during mid-day trading on Wednesday, reaching $712.76. 1,225,400 shares of the company’s stock traded hands, compared to its average volume of 464,087. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. The firm has a market cap of $19,350.00, a P/E ratio of 16.11, a P/E/G ratio of 1.31 and a beta of 0.71. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the consensus estimate of $9.90 by $0.10. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $9.36 EPS. sell-side analysts forecast that AutoZone will post 46.78 earnings per share for the current year.
In related news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of AZO. Fieldpoint Private Securities LLC acquired a new position in AutoZone during the second quarter worth $114,000. Salem Investment Counselors Inc. increased its holdings in AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in AutoZone during the third quarter worth $179,000. Global X Management Co. LLC increased its holdings in AutoZone by 12.9% during the second quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares during the last quarter. Finally, Jarislowsky Fraser Ltd acquired a new position in AutoZone during the third quarter worth $202,000. Institutional investors and hedge funds own 98.89% of the company’s stock.
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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