AutoZone Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:AZO)
Shares of AutoZone (NYSE:AZO) have received an average recommendation of “Buy” from the nineteen analysts that are currently covering the stock, StockRatingsNetwork.com reports. Eight analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $567.14.
AZO has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of AutoZone in a research note on Tuesday. They set an “equal weight” rating and a $575.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of AutoZone in a research note on Tuesday. They set an “equal weight” rating and a $575.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AutoZone in a research note on Friday, June 6th. They now have a $565.00 price target on the stock.
Shares of AutoZone (NYSE:AZO) opened at 529.36 on Friday. AutoZone has a 52-week low of $408.90 and a 52-week high of $561.62. The stock has a 50-day moving average of $531. and a 200-day moving average of $517.5. The company has a market cap of $17.257 billion and a price-to-earnings ratio of 17.21.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $8.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $8.44 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company posted $7.27 earnings per share. AutoZone’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that AutoZone will post $31.57 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.