AutoZone (NYSE:AZO) had its price objective upped by investment analysts at Royal Bank Of Canada in a research note issued on Wednesday. The firm currently has a “sector perform” rating on the stock.

Other equities research analysts have also issued research reports about the stock. Citigroup increased their price objective on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday. Guggenheim lowered shares of AutoZone from a “buy” rating to a “neutral” rating in a research report on Wednesday. UBS reissued a “buy” rating and issued a $750.00 price objective (down previously from $810.00) on shares of AutoZone in a research report on Wednesday. Wedbush reissued a “hold” rating and issued a $580.00 price objective (down previously from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Finally, Moffett Nathanson assumed coverage on shares of AutoZone in a research report on Monday. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. AutoZone currently has an average rating of “Hold” and a consensus price target of $735.20.

AutoZone (AZO) traded up $2.99 during trading hours on Wednesday, reaching $712.76. 1,225,400 shares of the company’s stock were exchanged, compared to its average volume of 464,087. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. The stock has a market capitalization of $19,350.00, a P/E ratio of 16.11, a P/E/G ratio of 1.31 and a beta of 0.71. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the firm posted $9.36 earnings per share. AutoZone’s revenue was up 4.9% on a year-over-year basis. research analysts anticipate that AutoZone will post 46.78 earnings per share for the current year.

In related news, Director William Andrew Mckenna sold 3,000 shares of the firm’s 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 completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC bought a new position in AutoZone during the 2nd quarter valued at $114,000. Salem Investment Counselors Inc. boosted its stake in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after acquiring an additional 9 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in AutoZone during the 3rd quarter valued at $179,000. Global X Management Co. LLC boosted its stake in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after acquiring an additional 37 shares during the last quarter. Finally, Jarislowsky Fraser Ltd bought a new position in AutoZone during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

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About AutoZone

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)

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