AutoZone Receives Consensus Recommendation of “Buy” from Analysts (NYSE:AZO)
AutoZone (NYSE:AZO) has earned a consensus recommendation of “Buy” from the eighteen ratings firms that are currently covering the stock, Analyst Ratings Net reports. Eight research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $567.31.
AZO has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. They now have a $570.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of AutoZone in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $575.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of AutoZone in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $575.00 price target on the stock.
AutoZone (NYSE:AZO) opened at 526.62 on Monday. 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 $525.9 and a 200-day moving average of $527.0. The company has a market cap of $17.168 billion and a P/E ratio of 17.00.
AutoZone (NYSE:AZO) last released its earnings data on Tuesday, May 27th. The company reported $8.46 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $7.27 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that AutoZone will post $31.56 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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