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AutoZone (NYSE:AZO) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.

AutoZone (NYSE:AZO) traded down 0.23% on Tuesday, hitting $504.72. 75,624 shares of the company’s stock traded hands. AutoZone has a one year low of $347.20 and a one year high of $505.86. The stock has a 50-day moving average of $474.9 and a 200-day moving average of $442.7. The company has a market cap of $17.014 billion and a P/E ratio of 17.59.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $6.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.27 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $5.41 earnings per share. AutoZone’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that AutoZone will post $31.34 EPS for the current fiscal year.

In other AutoZone news, SVP Larry Roesel sold 6,275 shares of AutoZone stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $490.44, for a total transaction of $3,077,511.00. Following the transaction, the senior vice president now directly owns 519 shares of the company’s stock, valued at approximately $254,538. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on AZO. Analysts at Barclays raised their price target on shares of AutoZone from $500.00 to $550.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of AutoZone from $475.00 to $500.00 in a research note to investors on Friday, January 10th. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of AutoZone from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight 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 a consensus target price of $476.93.

AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.

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