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AutoZone (NYSE:AZO) was upgraded by equities researchers at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued on Monday, Analyst RN reports.

Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of AutoZone from $490.00 to $540.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America reiterated a “positive” rating on shares of AutoZone in a research note to investors on Friday. Finally, analysts at Wolfe Research downgraded shares of AutoZone from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $483.60.

AutoZone (NYSE:AZO) traded down 1.49% on Monday, hitting $526.43. 548,274 shares of the company’s stock traded hands. AutoZone has a 52 week low of $369.47 and a 52 week high of $537.47. The stock has a 50-day moving average of $490.8 and a 200-day moving average of $449.4. The company has a market cap of $17.745 billion and a price-to-earnings ratio of 18.58.

AutoZone (NYSE:AZO) last released its earnings data on Tuesday, December 10th. The company reported $6.29 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $5.41 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that AutoZone will post $31.37 earnings per share for the current fiscal year.

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

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