AutoZone (AZO) Research Coverage Started at Moffett Nathanson

Equities researchers at Moffett Nathanson started coverage on shares of AutoZone (NYSE:AZO) in a report released on Monday. The brokerage set a “neutral” rating on the stock.

Other research analysts also recently issued research reports about the stock. Wedbush restated a “hold” rating and set a $580.00 price target (down previously from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Citigroup restated a “buy” rating and set a $700.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. UBS restated a “buy” rating and set a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and set a $583.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. Finally, Royal Bank Of Canada reduced their price target on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $729.20.

Shares of AutoZone (AZO) traded down $8.36 during trading on Monday, hitting $678.40. 383,400 shares of the company’s stock were exchanged, compared to its average volume of 459,132. The firm has a market capitalization of $18,650.93, a P/E ratio of 15.40, a P/E/G ratio of 1.25 and a beta of 0.72. AutoZone has a 1-year low of $491.13 and a 1-year high of $813.70. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $14.30 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect 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 stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now owns 8,131 shares in the company, valued at approximately $4,756,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Nippon Life Insurance Co. grew its stake in shares of AutoZone by 0.4% in the 2nd quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock valued at $1,153,000 after buying an additional 8 shares during the period. Cetera Investment Advisers grew its stake in shares of AutoZone by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after buying an additional 8 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares during the period. Reliant Investment Management LLC grew its stake in shares of AutoZone by 2.1% in the 2nd quarter. Reliant Investment Management LLC now owns 715 shares of the company’s stock valued at $408,000 after buying an additional 15 shares during the period. Finally, Bbva Compass Bancshares Inc. grew its stake in shares of AutoZone by 5.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 386 shares of the company’s stock valued at $220,000 after buying an additional 19 shares during the period. Institutional investors own 98.89% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “AutoZone (AZO) Research Coverage Started at Moffett Nathanson” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.com-unik.info/2017/12/04/autozone-azo-research-coverage-started-at-moffett-nathanson.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)

What are top analysts saying about AutoZone Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AutoZone Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit