Today: Today, AutoZone Inc. (AZO) Rating Reiterate by Credit Suisse Group AG

Today, AutoZone Inc. (AZO) Rating Reiterate by Credit Suisse Group AG

AutoZone Inc. (NYSE:AZO)‘s stock had its “buy” rating restated by research analysts at Credit Suisse Group AG in a research note issued on Wednesday. They presently have a $814.00 price target on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 2.00% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Susquehanna began coverage on shares of AutoZone in a research report on Thursday, August 25th. They set a “neutral” rating and a $810.00 price objective for the company. Morgan Stanley set a $820.00 price objective on shares of AutoZone and gave the company a “hold” rating in a research report on Thursday, August 11th. Jefferies Group reaffirmed a “hold” rating and set a $810.00 price objective on shares of AutoZone in a research report on Wednesday, October 19th. Finally, Argus reaffirmed a “buy” rating and set a $875.00 price objective on shares of AutoZone in a research report on Saturday, October 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $855.63.

Shares of AutoZone (NYSE:AZO) opened at 798.05 on Wednesday. The company has a 50-day moving average of $752.25 and a 200-day moving average of $767.56. AutoZone has a 12 month low of $681.01 and a 12 month high of $819.54. The firm has a market cap of $23.03 billion, a P/E ratio of 19.61 and a beta of 0.61.

AutoZone (NYSE:AZO) last released its earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.05. The company earned $3.40 billion during the quarter. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. AutoZone’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $12.75 EPS. Equities analysts forecast that AutoZone will post $45.44 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in AZO. Commonwealth Bank of Australia raised its stake in AutoZone by 27.6% in the third quarter. Commonwealth Bank of Australia now owns 162 shares of the company’s stock worth $125,000 after buying an additional 35 shares in the last quarter. Invictus RG raised its stake in AutoZone by 489.7% in the second quarter. Invictus RG now owns 171 shares of the company’s stock worth $136,000 after buying an additional 142 shares in the last quarter. Global X Management Co. LLC raised its stake in AutoZone by 89.1% in the second quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock worth $138,000 after buying an additional 82 shares in the last quarter. First Personal Financial Services raised its stake in AutoZone by 126.3% in the second quarter. First Personal Financial Services now owns 215 shares of the company’s stock worth $171,000 after buying an additional 120 shares in the last quarter. Finally, Alpha Windward LLC raised its stake in AutoZone by 0.8% in the third quarter. Alpha Windward LLC now owns 242 shares of the company’s stock worth $186,000 after buying an additional 2 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

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