UBS AG reaffirmed their buy rating on shares of AutoZone, Inc. (NYSE:AZO) in a research report released on Wednesday, www.flashratings.com reports. The firm currently has a $655.00 price objective on the stock, down from their prior price objective of $725.00.

Several other equities analysts have also recently commented on the company. Credit Suisse Group restated a buy rating and set a $583.00 target price on shares of AutoZone in a research report on Wednesday. Citigroup Inc. reaffirmed a buy rating and set a $700.00 price target on shares of AutoZone in a research note on Wednesday. Royal Bank Of Canada dropped their price target on AutoZone from $577.00 to $571.00 and set a sector perform rating for the company in a research note on Wednesday. Wedbush reaffirmed a hold rating and set a $580.00 price target (down previously from $590.00) on shares of AutoZone in a research note on Wednesday. Finally, Bank of America Corporation reaffirmed a buy rating and set a $625.00 price target on shares of AutoZone in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $747.27.

Shares of AutoZone (NYSE AZO) opened at 574.03 on Wednesday. The company’s 50 day moving average price is $534.42 and its 200 day moving average price is $611.55. The company has a market capitalization of $16.09 billion, a P/E ratio of 13.26 and a beta of 0.62. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the business earned $14.30 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts expect that AutoZone will post $47.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “AutoZone’s (AZO) Buy Rating Reiterated at UBS AG” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/23/autozones-azo-buy-rating-reiterated-at-ubs-ag.html.

In other AutoZone news, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Andrew Mckenna purchased 300 shares of the stock in a transaction on Thursday, July 13th. The shares were acquired at an average cost of $507.00 per share, with a total value of $152,100.00. Following the transaction, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. bought a new position in AutoZone during the 1st quarter valued at approximately $104,000. Fieldpoint Private Securities LLC bought a new position in AutoZone during the 2nd quarter valued at approximately $114,000. Alpha Windward LLC raised its position in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares during the last quarter. Salem Investment Counselors Inc. raised its position in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares during the last quarter. Finally, Colony Group LLC bought a new position in AutoZone during the 1st quarter valued at approximately $205,000. 96.08% of the stock is owned by institutional investors and hedge funds.

AutoZone Company Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Analyst Recommendations for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.