AutoZone Stock Rating Reaffirmed by TheStreet (AZO)
AutoZone (NYSE: AZO)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Tuesday.
The analysts wrote, “AutoZone (AZO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of AutoZone in a research note to investors on Tuesday, March 12th. They now have a $426.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AutoZone in a research note to investors on Monday, March 11th. They now have a $405.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of AutoZone in a research note to investors on Monday, March 4th. They now have a $440.00 price target on the stock.
One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $417.13.
Shares of AutoZone (NYSE: AZO) traded down 0.75% during mid-day trading on Tuesday, hitting $388.525. AutoZone has a 52 week low of $341.98 and a 52 week high of $399.10. The stock’s 50-day moving average is currently $378.9. The company has a market cap of $14.018 billion and a P/E ratio of 15.62.
AutoZone (NYSE: AZO) last announced its earnings results on Tuesday, February 26th. The company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.02. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $4.15 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that AutoZone will post $27.61 earnings per share for the current fiscal year.
AutoZone, Inc. (NYSE: AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
To view TheStreet’s full report, visit www.thestreetratings.com
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