AutoZone (AZO) Stock Rating Reaffirmed by Raymond James Financial
AutoZone (NYSE:AZO)‘s stock had its “hold” rating reiterated by analysts at Raymond James Financial in a research report issued on Saturday.
A number of other analysts have also recently weighed in on AZO. Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Bank of America reaffirmed a “buy” rating and set a $625.00 target price on shares of AutoZone in a research note on Tuesday, September 5th. Wedbush reaffirmed a “hold” rating and set a $580.00 target price (down previously from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Royal Bank Of Canada decreased their target price on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Finally, Citigroup reiterated a “buy” rating and set a $700.00 price target on shares of AutoZone in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. AutoZone currently has a consensus rating of “Hold” and a consensus target price of $729.20.
AutoZone (AZO) traded down $8.36 during midday trading on Friday, hitting $678.40. 383,436 shares of the company’s stock were exchanged, compared to its average volume of 446,713. The company has a market capitalization of $18,650.00, a PE ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.71. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56.
In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. AXA lifted its holdings in AutoZone by 0.8% in the third quarter. AXA now owns 38,237 shares of the company’s stock valued at $22,755,000 after buying an additional 300 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in AutoZone by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after buying an additional 1,888 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in AutoZone by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after buying an additional 1,483 shares during the period. Gyroscope Capital Management Group LLC lifted its holdings in AutoZone by 31.6% in the third quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock valued at $320,000 after buying an additional 129 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in AutoZone in the third quarter valued at $503,000. Institutional investors and hedge funds own 98.80% of the company’s stock.
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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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