AutoZone (NYSE:AZO)‘s stock had its “buy” rating reaffirmed by research analysts at UBS in a report issued on Wednesday, The Fly reports. They currently have a $750.00 price target on the stock, down from their prior price target of $810.00. UBS’s price target suggests a potential upside of 5.22% from the company’s previous close.

A number of other research firms also recently weighed in on AZO. Royal Bank Of Canada reduced their price target 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. Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and issued a $590.00 price objective on shares of AutoZone in a report on Friday, October 27th. Citigroup raised their price objective on shares of AutoZone to $820.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Oppenheimer reiterated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $735.20.

Shares of AutoZone (NYSE AZO) opened at $712.76 on Wednesday. AutoZone has a one year low of $491.13 and a one 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 cap of $19,513.37, a P/E ratio of 16.11, a PEG ratio of 1.31 and a beta of 0.72.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the company posted $9.36 EPS. The firm’s quarterly revenue 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 year.

In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now directly owns 8,131 shares in the company, valued at approximately $4,756,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AZO. American Beacon Advisors Inc. bought a new stake in AutoZone in the 1st quarter valued at about $104,000. Commonwealth Bank of Australia raised its stake in AutoZone by 27.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 162 shares of the company’s stock valued at $125,000 after acquiring an additional 35 shares during the period. Global X Management Co. LLC raised its stake in AutoZone by 89.1% in the 2nd quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock valued at $138,000 after acquiring an additional 82 shares during the period. Fieldpoint Private Securities LLC bought a new stake in AutoZone in the 2nd quarter valued at about $114,000. Finally, First Personal Financial Services raised its stake in AutoZone by 126.3% in the 2nd quarter. First Personal Financial Services now owns 215 shares of the company’s stock valued at $171,000 after acquiring an additional 120 shares during the period. Institutional investors own 98.89% 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.

The Fly

Analyst Recommendations for AutoZone (NYSE:AZO)

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