Today: Today, Credit Suisse Group AG Reiterates Buy Rating for AutoZone Inc. (AZO)

Today, Credit Suisse Group AG Reiterates Buy Rating for AutoZone Inc. (AZO)

Credit Suisse Group AG reaffirmed their buy rating on shares of AutoZone Inc. (NYSE:AZO) in a report released on Wednesday. The firm currently has a $814.00 price target on the stock.

AZO has been the topic of a number of other reports. Citigroup Inc. reaffirmed a buy rating on shares of AutoZone in a research report on Thursday, August 25th. Argus reaffirmed a buy rating and set a $875.00 price objective on shares of AutoZone in a research report on Saturday, October 22nd. Morgan Stanley set a $820.00 price objective on AutoZone and gave the company a hold rating in a research report on Thursday, August 11th. Goldman Sachs Group Inc. set a $841.00 price objective on AutoZone and gave the company a hold rating in a research report on Monday, September 19th. Finally, Zacks Investment Research raised AutoZone from a sell rating to a hold rating in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $855.63.

AutoZone (NYSE:AZO) opened at 793.90 on Wednesday. The company has a market capitalization of $22.91 billion, a PE ratio of 19.51 and a beta of 0.61. AutoZone has a 52-week low of $681.01 and a 52-week high of $819.54. The company has a 50 day moving average of $754.03 and a 200 day moving average of $767.59.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.05. The business earned $3.40 billion during the quarter. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.75 earnings per share. On average, equities research analysts forecast that AutoZone will post $45.44 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AZO. Evercore Wealth Management LLC increased its position in AutoZone by 1.7% in the second quarter. Evercore Wealth Management LLC now owns 81,985 shares of the company’s stock valued at $65,083,000 after buying an additional 1,404 shares in the last quarter. British Airways Pensions Investment Management Ltd increased its position in shares of AutoZone by 11.7% in the second quarter. British Airways Pensions Investment Management Ltd now owns 33,940 shares of the company’s stock valued at $27,050,000 after buying an additional 3,560 shares during the period. Todd Asset Management LLC increased its position in shares of AutoZone by 3,280.0% in the second quarter. Todd Asset Management LLC now owns 17,914 shares of the company’s stock valued at $14,221,000 after buying an additional 17,384 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of AutoZone by 2.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,521 shares of the company’s stock valued at $3,589,000 after buying an additional 90 shares during the period. Finally, Norinchukin Bank The increased its position in shares of AutoZone by 0.7% in the second quarter. Norinchukin Bank The now owns 3,426 shares of the company’s stock valued at $2,720,000 after buying an additional 23 shares during the period. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

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