AutoZone Given Average Recommendation of “Buy” by Analysts (NYSE:AZO)
AutoZone (NYSE:AZO) has earned an average rating of “Buy” from the eighteen analysts that are covering the company, AnalystRatingsNetwork reports. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $567.31.
Shares of AutoZone (NYSE:AZO) opened at 530.67 on Monday. AutoZone has a 1-year low of $408.90 and a 1-year high of $561.62. The stock’s 50-day moving average is $525.2 and its 200-day moving average is $527.7. The company has a market cap of $17.300 billion and a price-to-earnings ratio of 16.94.
AutoZone (NYSE:AZO) last posted its quarterly earnings results 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.
A number of research firms have recently commented on AZO. 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, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
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