AutoZone (NYSE:AZO)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group in a report issued on Wednesday. They currently have a $720.00 price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 1.02% from the company’s previous close.

AZO has been the subject of several other research reports. Credit Suisse Group set a $640.00 price target on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Moffett Nathanson assumed coverage on shares of AutoZone in a research report on Monday. They set a “neutral” rating for the company. UBS reaffirmed a “buy” rating and set a $750.00 price target (down previously from $810.00) on shares of AutoZone in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of AutoZone and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $730.70.

Shares of AutoZone (NYSE AZO) traded up $2.99 during mid-day trading on Wednesday, reaching $712.76. 1,225,400 shares of the company traded hands, compared to its average volume of 464,087. AutoZone has a 1 year low of $491.13 and a 1 year high of $813.70. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. The firm has a market capitalization of $19,240.00, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business posted $9.36 earnings per share. AutoZone’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts anticipate that AutoZone will post 46.78 earnings per share for the current fiscal year.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in AZO. JPMorgan Chase & Co. boosted its stake in shares of AutoZone by 59.7% in the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after purchasing an additional 380,824 shares during the period. Nordea Investment Management AB boosted its stake in shares of AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after purchasing an additional 318,188 shares during the period. Koch Industries Inc. purchased a new position in shares of AutoZone in the second quarter valued at $297,000. CI Global Investments Inc. boosted its stake in shares of AutoZone by 437.2% in the second quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock valued at $183,236,000 after purchasing an additional 261,417 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of AutoZone in the third quarter valued at $141,811,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/06/autozone-azo-rating-reiterated-by-jefferies-group.html.

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.