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AutoZone (NYSE:AZO) has earned an average recommendation of “Buy” from the twenty ratings firms that are presently covering the company, American Banking and Market News reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $483.60.

AZO has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of AutoZone from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Wedbush raised their price target on shares of AutoZone from $490.00 to $540.00 in a research note on Friday, February 7th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America reiterated a “positive” rating on shares of AutoZone in a research note on Friday, February 7th.

AutoZone (NYSE:AZO) traded down 0.28% during mid-day trading on Friday, hitting $539.30. 67,475 shares of the company’s stock traded hands. AutoZone has a 52-week low of $369.47 and a 52-week high of $561.62. The stock has a 50-day moving average of $497.7 and a 200-day moving average of $452.3. The company has a market cap of $18.179 billion and a P/E ratio of 18.80.

AutoZone (NYSE:AZO) last issued its quarterly 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 $31.43 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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