AutoZone, Inc. (NYSE:AZO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of AutoZone, Inc. (NYSE:AZO) have been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, sixteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3,429.84.

AZO has been the topic of several analyst reports. Barclays lifted their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Mizuho boosted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Roth Mkm restated a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Guggenheim increased their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Institutional Trading of AutoZone

A number of large investors have recently added to or reduced their stakes in AZO. Fidelis Capital Partners LLC grew its holdings in shares of AutoZone by 2.6% in the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after purchasing an additional 4 shares in the last quarter. Brighton Jones LLC lifted its position in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the last quarter. Petredis Investment Advisors LLC grew its stake in shares of AutoZone by 0.6% in the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after buying an additional 4 shares in the last quarter. IVC Wealth Advisors LLC increased its holdings in shares of AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after buying an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

AutoZone stock opened at $3,328.28 on Monday. The stock has a market cap of $55.85 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The stock has a fifty day moving average of $3,238.73 and a 200 day moving average of $3,151.29. AutoZone has a one year low of $2,672.31 and a one year high of $3,416.71.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $32.55 EPS. As a group, sell-side analysts predict that AutoZone will post 152.94 EPS for the current fiscal year.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.