AutoZone Earns Neutral Rating from Analysts at SunTrust (AZO)
Investment analysts at SunTrust assumed coverage on shares of AutoZone (NYSE:AZO) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of AutoZone (NYSE:AZO) traded up 0.47% on Wednesday, hitting $538.48. 158,849 shares of the company’s stock traded hands. AutoZone has a 52-week low of $408.90 and a 52-week high of $561.62. The stock’s 50-day moving average is $525.9 and its 200-day moving average is $530.3. The company has a market cap of $17.554 billion and a price-to-earnings ratio of 17.32.
A number of other analysts have also recently weighed in 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. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. AutoZone presently has an average rating of “Buy” and an average target price of $567.31.
AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
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