Royal Bank Of Canada Boosts AutoZone (AZO) Price Target to $0.00
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.
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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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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