AutoZone, Inc. (AZO) Given Average Rating of “Hold” by Brokerages
AutoZone, Inc. (NYSE:AZO) has been assigned a consensus rating of “Hold” from the twenty-eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $766.65.
AZO has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. lowered their price target on shares of AutoZone and set an “outperform” rating for the company in a report on Thursday, July 20th. ValuEngine upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a report on Wednesday, May 24th. Deutsche Bank AG lowered their price target on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a report on Thursday, May 25th. Citigroup Inc. lowered their price target on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Finally, Morgan Stanley downgraded shares of AutoZone from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 6th.
In related news, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $507.00 per share, with a total value of $152,100.00. Following the transaction, the director now directly owns 5,131 shares of the company’s stock, valued at $2,601,417. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP William T. Giles sold 10,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now directly owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter worth about $104,000. Fieldpoint Private Securities LLC bought a new position in AutoZone during the second quarter worth about $114,000. Alpha Windward LLC boosted its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the period. Salem Investment Counselors Inc. boosted its position in AutoZone by 3.5% in the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares during the period. Finally, Colony Group LLC bought a new position in AutoZone during the first quarter worth about $205,000. 96.06% of the stock is currently owned by institutional investors.
Shares of AutoZone (AZO) traded up 0.33% during midday trading on Wednesday, hitting $524.08. The stock had a trading volume of 28,939 shares. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70. The firm has a 50-day moving average of $517.97 and a 200 day moving average of $635.31. The firm has a market cap of $14.69 billion, a PE ratio of 12.11 and a beta of 0.61.
AutoZone Company Profile
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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