AutoZone Inc. (AZO) Trading Down 2%
AutoZone Inc. (NYSE:AZO)’s share price traded down 2% on Friday . The stock traded as low as $755.00 and last traded at $757.49, with a volume of 225,750 shares changing hands. The stock had previously closed at $773.05.
Several equities analysts have weighed in on the stock. Susquehanna assumed coverage on shares of AutoZone in a report on Thursday. They set a “neutral” rating and a $810.00 price target on the stock. Citigroup Inc. reissued a “buy” rating on shares of AutoZone in a report on Thursday. Morgan Stanley set a $820.00 target price on shares of AutoZone and gave the stock a “hold” rating in a report on Thursday, August 11th. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Finally, Argus reissued a “buy” rating and issued a $875.00 target price on shares of AutoZone in a report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. AutoZone presently has an average rating of “Buy” and a consensus price target of $843.52.
The stock’s 50 day moving average price is $797.20 and its 200 day moving average price is $779.09. The company has a market capitalization of $22.03 billion and a PE ratio of 19.14.
In other news, VP Philip B. Daniele sold 6,700 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $755.40, for a total transaction of $5,061,180.00. Following the transaction, the vice president now owns 3,638 shares in the company, valued at approximately $2,748,145.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $800.25, for a total value of $2,400,750.00. Following the transaction, the director now owns 7,597 shares in the company, valued at approximately $6,079,499.25. The disclosure for this sale can be found here.
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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