AutoZone (NYSE:AZO) Price Target Raised to $4,025.00

AutoZone (NYSE:AZO) had its target price hoisted by UBS Group from $3,875.00 to $4,025.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Raymond James increased their price objective on AutoZone from $3,850.00 to $4,000.00 and gave the company a “strong-buy” rating in a report on Wednesday. Mizuho increased their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen raised their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Guggenheim lifted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Stock Up 2.8 %

NYSE AZO opened at $3,569.49 on Wednesday. The stock has a market capitalization of $59.90 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone has a 12-month low of $2,728.97 and a 12-month high of $3,570.50. The company has a 50 day moving average price of $3,351.07 and a two-hundred day moving average price of $3,223.79.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, equities analysts anticipate that AutoZone will post 152.94 EPS for the current year.

Institutional Investors Weigh In On AutoZone

Large investors have recently modified their holdings of the stock. Pittenger & Anderson Inc. raised its stake in AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after acquiring an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its position in AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after buying an additional 3 shares in the last quarter. PDS Planning Inc grew its stake in AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company’s stock worth $423,000 after buying an additional 3 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in shares of AutoZone by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company’s stock valued at $1,188,000 after acquiring an additional 3 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.