Several analysts have recently updated their ratings and price targets for AutoZone (NYSE: AZO):

  • 9/21/2017 – AutoZone had its “hold” rating reaffirmed by analysts at Stephens. They now have a $550.00 price target on the stock, down previously from $620.00.
  • 9/21/2017 – AutoZone had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/20/2017 – AutoZone had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $580.00 price target on the stock, down previously from $590.00.
  • 9/20/2017 – AutoZone had its price target lowered by analysts at Royal Bank Of Canada from $577.00 to $571.00. They now have a “sector perform” rating on the stock.
  • 9/20/2017 – AutoZone had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $700.00 price target on the stock.
  • 9/20/2017 – AutoZone had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $583.00 price target on the stock.
  • 9/20/2017 – AutoZone had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $655.00 price target on the stock, down previously from $725.00.
  • 9/5/2017 – AutoZone had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $625.00 price target on the stock.
  • 8/29/2017 – AutoZone was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “AutoZone expects higher sales growth in fiscal 2017 compared to fiscal 2016. Also, the company’s strong cash flows help to aggressively repurchase shares. It has enough liquidity to repurchase shares without compromising on financial strength and therefore, the credit ratings. Moreover, the company uses its significant cash flow to open new stores every year. However, year to date, AutoZone has underperformed the industry it belongs to. The company expects its capital and operating expenses to rise over the next three years due to its plans to open 2–3 new distribution centers over this time frame. Currency headwinds also pose a challenge.”
  • 8/23/2017 – AutoZone was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “AutoZone expects higher sales growth in fiscal 2017 compared to fiscal 2016. Also, the company’s strong cash flows help to aggressively repurchase shares. It has enough liquidity to repurchase shares without compromising on financial strength and therefore, the credit ratings. Moreover, the company uses its significant cash flow to open new stores every year. However, year to date, AutoZone has underperformed the industry it belongs to. The company expects its capital and operating expenses to rise over the next three years due to its plans to open 2–3 new distribution centers over this time frame. Currency headwinds also pose a challenge.”

Shares of AutoZone, Inc. (AZO) traded up 0.32% during midday trading on Tuesday, hitting $599.55. The stock had a trading volume of 317,781 shares. The stock’s 50-day moving average is $545.50 and its 200-day moving average is $602.33. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The stock has a market cap of $16.69 billion, a PE ratio of 13.60 and a beta of 0.64.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $15.11 by $0.07. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $14.30 EPS. Equities analysts anticipate that AutoZone, Inc. will post $46.98 EPS for the current year.

In other news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 8,131 shares in the company, valued at approximately $4,756,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% 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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