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.

COPYRIGHT VIOLATION NOTICE: “AutoZone, Inc. (AZO) Given Average Rating of “Hold” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/30/autozone-inc-azo-given-average-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.