Weekly Investment Analysts’ Ratings Updates for AutoZone (AZO)

AutoZone (NYSE: AZO) has recently received a number of price target changes and ratings updates:

  • 7/17/2017 – AutoZone had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $583.00 price target on the stock, down previously from $658.00.
  • 7/17/2017 – AutoZone was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating.
  • 7/7/2017 – AutoZone was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $575.00 price target on the stock, down previously from $750.00.
  • 7/6/2017 – AutoZone had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 7/6/2017 – AutoZone had its price target lowered by analysts at Royal Bank Of Canada from $653.00 to $577.00. They now have a “sector perform” rating on the stock.
  • 7/6/2017 – AutoZone was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.
  • 7/6/2017 – AutoZone had its price target lowered by analysts at Barclays PLC from $870.00 to $710.00. They now have an “overweight” rating on the stock.
  • 6/20/2017 – AutoZone had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/7/2017 – AutoZone was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 6/2/2017 – AutoZone was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/30/2017 – AutoZone was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $650.00 price target on the stock, down previously from $660.00.
  • 5/30/2017 – AutoZone was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating. They now have a $662.00 price target on the stock, up previously from $615.62. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/25/2017 – AutoZone had its price target lowered by analysts at Deutsche Bank AG from $800.00 to $650.00. They now have a “hold” rating on the stock.
  • 5/25/2017 – AutoZone had its price target lowered by analysts at Morgan Stanley from $825.00 to $680.00. They now have an “overweight” rating on the stock.
  • 5/25/2017 – AutoZone had its price target lowered by analysts at Citigroup Inc. from $920.00 to $750.00. They now have a “buy” rating on the stock.
  • 5/24/2017 – AutoZone was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/24/2017 – AutoZone had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $825.00 price target on the stock.
  • 5/24/2017 – AutoZone had its “buy” rating reaffirmed by analysts at CIBC. They now have a $900.00 price target on the stock.
  • 5/24/2017 – AutoZone was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 5/23/2017 – AutoZone was downgraded by analysts at Raymond James Financial, Inc. from a “strong-buy” rating to a “market perform” rating.
  • 5/23/2017 – AutoZone was given a new $900.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 5/23/2017 – AutoZone was downgraded by analysts at Citigroup Inc. from a “strong-buy” rating to a “market perform” rating.
  • 5/22/2017 – AutoZone had its price target lowered by analysts at Royal Bank Of Canada from $829.00 to $753.00. They now have a “sector perform” rating on the stock.

Shares of AutoZone, Inc. (NYSE AZO) traded down 0.52% during midday trading on Monday, hitting $503.66. 437,407 shares of the stock traded hands. The firm has a 50-day moving average price of $615.04 and a 200 day moving average price of $706.75. AutoZone, Inc. has a one year low of $492.02 and a one year high of $818.00. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 11.63 and a beta of 0.62.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $10.77 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts anticipate that AutoZone, Inc. will post $44.05 earnings per share for the current year.

In other news, Director William Andrew Mckenna bought 300 shares of AutoZone stock in a transaction on Thursday, July 13th. The stock was purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the purchase, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the transaction, the director now directly owns 4,431 shares of the company’s stock, valued at $2,669,677.50. The disclosure for this sale can be found here. 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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