AutoZone Receives “BBB” Credit Rating from Morningstar (AZO)
AutoZone (NYSE:AZO) has earned a “BBB” credit rating from Morningstar. The agency’s “BBB” rating indicates that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
AZO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of AutoZone from an “overweight” rating to a “neutral” rating in a research note on Tuesday. They now have a $590.00 price target on the stock. Separately, analysts at SunTrust initiated coverage on shares of AutoZone in a research note on Wednesday, August 27th. They set a “neutral” rating and a $540.00 price target on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $565.36.
AutoZone (NYSE:AZO) opened at 536.56 on Wednesday. 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 $525.6 and its 200-day moving average is $530.. The company has a market cap of $17.492 billion and a price-to-earnings ratio of 17.41.
AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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