AutoZone (NYSE:AZO) has been assigned a $790.00 price objective by stock analysts at Credit Suisse Group in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 1.87% from the stock’s previous close.
AZO has been the topic of several other reports. Moffett Nathanson began coverage on AutoZone in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. UBS Group reiterated a “buy” rating and issued a $750.00 price objective (down from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Royal Bank of Canada increased their price objective on AutoZone and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Stephens reiterated a “hold” rating and issued a $550.00 price objective (down from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Finally, Guggenheim cut AutoZone from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. AutoZone has an average rating of “Hold” and a consensus target price of $726.06.
Shares of AutoZone (NYSE AZO) opened at $775.50 on Thursday. The stock has a market capitalization of $21,210.00, a price-to-earnings ratio of 17.27, a PEG ratio of 1.42 and a beta of 0.71. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. AutoZone has a 52 week low of $491.13 and a 52 week high of $800.00.
In other AutoZone news, insider William W. Graves sold 10,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $744.78, for a total value of $7,820,190.00. Following the sale, the insider now directly owns 12,574 shares in the company, valued at $9,364,863.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Charles Pleas III sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $700.00, for a total value of $7,000,000.00. Following the completion of the sale, the vice president now owns 14,377 shares in the company, valued at $10,063,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,173 shares of company stock worth $66,316,676. 2.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new position in shares of AutoZone during the second quarter worth about $114,000. Salem Investment Counselors Inc. grew its holdings in shares of AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of AutoZone during the third quarter worth about $179,000. Jarislowsky Fraser Ltd purchased a new position in shares of AutoZone during the third quarter worth about $202,000. Finally, Gyroscope Capital Management Group LLC grew its holdings in shares of AutoZone by 28.7% during the second quarter. Gyroscope Capital Management Group LLC now owns 408 shares of the company’s stock worth $233,000 after purchasing an additional 91 shares during the last quarter. 99.35% of the stock is currently owned by institutional investors.
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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.
