Weekly Research Analysts’ Ratings Updates for AutoZone (AZO)

AutoZone (NYSE: AZO) recently received a number of ratings updates from brokerages and research firms:

5/24/2018 – AutoZone was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating. 5/23/2018 – AutoZone had its price target lowered by analysts at JPMorgan Chase & Co. from $900.00 to $800.00. They now have an “overweight” rating on the stock. 5/23/2018 – AutoZone had its price target lowered by analysts at Wedbush from $750.00 to $680.00. They now have an “outperform” rating on the stock. 5/23/2018 – AutoZone had its price target lowered by analysts at Royal Bank of Canada to $668.00. They now have a “market perform” rating on the stock. 5/23/2018 – AutoZone had its price target lowered by analysts at Morgan Stanley from $750.00 to $700.00. They now have an “equal weight” rating on the stock. 5/22/2018 – AutoZone had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $700.00 price target on the stock. 5/7/2018 – AutoZone was upgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “conviction-buy” rating. They now have a $491.13 price target on the stock. 5/2/2018 – AutoZone was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating. 4/25/2018 – AutoZone had its “buy” rating reaffirmed by analysts at Argus. They now have a $850.00 price target on the stock, down previously from $875.00. 4/23/2018 – AutoZone is now covered by analysts at Wells Fargo & Co. They set an “outperform” rating and a $700.00 price target on the stock. 4/17/2018 – AutoZone had its “neutral” rating reaffirmed by analysts at Guggenheim. 4/5/2018 – AutoZone was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $750.00 price target on the stock, up previously from $670.00.

AutoZone stock opened at $653.78 on Thursday. The company has a debt-to-equity ratio of -3.79, a quick ratio of 0.15 and a current ratio of 0.98. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $797.89. The firm has a market cap of $17.15 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.88 and a beta of 0.85.

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AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 22nd. The company reported $13.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $12.99 by $0.43. AutoZone had a net margin of 12.00% and a negative return on equity of 88.86%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company earned $11.44 EPS. AutoZone’s quarterly revenue was down 13.7% compared to the same quarter last year. equities research analysts expect that AutoZone, Inc. will post 49.85 EPS for the current fiscal year.

In related news, Director Douglas H. Brooks bought 162 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were bought at an average price of $607.49 per share, for a total transaction of $98,413.38. Following the transaction, the director now directly owns 1,904 shares of the company’s stock, valued at $1,156,660.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp bought a new stake in AutoZone during the 1st quarter valued at $135,000. First Republic Investment Management Inc. bought a new stake in AutoZone during the 4th quarter valued at $202,000. John G Ullman & Associates Inc. bought a new stake in AutoZone during the 4th quarter valued at $213,000. Truepoint Inc. bought a new stake in AutoZone during the 4th quarter valued at $213,000. Finally, Chilton Capital Management LLC bought a new stake in AutoZone during the 4th quarter valued at $213,000. Institutional investors own 88.96% of the company’s stock.

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.