Shares of AutoZone, Inc. (NYSE:AZO) have earned an average recommendation of “Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1,255.43.
AZO has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on AutoZone from $1,200.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nomura boosted their price objective on AutoZone from $1,250.00 to $1,345.00 in a research report on Wednesday, December 11th. ValuEngine cut AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Credit Suisse Group reissued an “outperform” rating and set a $1,350.00 price objective (up previously from $1,275.00) on shares of AutoZone in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price objective on AutoZone to $1,278.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th.
NYSE AZO traded down $14.49 on Friday, reaching $1,068.03. The stock had a trading volume of 212,169 shares, compared to its average volume of 222,291. The business has a 50 day moving average price of $1,109.60 and a 200 day moving average price of $1,130.53. AutoZone has a 1 year low of $886.95 and a 1 year high of $1,274.41. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.46 and a beta of 0.63.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $14.30 EPS for the quarter, beating analysts’ consensus estimates of $13.74 by $0.56. AutoZone had a negative return on equity of 96.86% and a net margin of 13.45%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $13.47 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts forecast that AutoZone will post 66.14 EPS for the current year.
In related news, VP William R. Hackney sold 5,054 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $1,222.09, for a total transaction of $6,176,442.86. Following the completion of the transaction, the vice president now owns 3,783 shares of the company’s stock, valued at approximately $4,623,166.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of AZO. Wealth Quarterback LLC acquired a new position in AutoZone in the 4th quarter valued at approximately $5,333,210,000. BlackRock Inc. raised its holdings in AutoZone by 7.6% in the 2nd quarter. BlackRock Inc. now owns 2,063,593 shares of the company’s stock valued at $2,268,859,000 after acquiring an additional 146,643 shares in the last quarter. Fiera Capital Corp raised its holdings in AutoZone by 15.9% in the 4th quarter. Fiera Capital Corp now owns 605,728 shares of the company’s stock valued at $721,610,000 after acquiring an additional 83,222 shares in the last quarter. Maj Invest Holding A S raised its holdings in AutoZone by 65.4% in the 4th quarter. Maj Invest Holding A S now owns 161,681 shares of the company’s stock valued at $192,612,000 after acquiring an additional 63,946 shares in the last quarter. Finally, Man Group plc raised its holdings in AutoZone by 67.1% in the 3rd quarter. Man Group plc now owns 100,139 shares of the company’s stock valued at $108,612,000 after acquiring an additional 40,208 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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