AutoZone (NYSE:AZO - Get Free Report) had its target price cut by analysts at Evercore ISI from $3,900.00 to $3,350.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's target price suggests a potential upside of 11.04% from the stock's current price.
Other research analysts also recently issued research reports about the stock. Wedbush reiterated an "outperform" rating and set a $3,200.00 price target on shares of AutoZone in a research report on Thursday. Oppenheimer reissued a "market perform" rating and issued a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. StockNews.com upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Guggenheim lifted their target price on AutoZone from $3,150.00 to $3,225.00 and gave the company a "buy" rating in a research note on Wednesday, June 26th. Finally, Barclays dropped their target price on AutoZone from $3,100.00 to $3,024.00 and set an "overweight" rating for the company in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of "Moderate Buy" and an average target price of $3,117.12.
Check Out Our Latest Research Report on AZO
AutoZone Stock Performance
AutoZone stock traded down $23.20 during trading hours on Friday, hitting $3,016.89. 281,272 shares of the stock were exchanged, compared to its average volume of 141,269. The stock has a market capitalization of $51.54 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.45 and a beta of 0.71. The business's 50-day moving average is $3,105.66 and its two-hundred day moving average is $3,011.39. AutoZone has a 12 month low of $2,375.35 and a 12 month high of $3,256.37.
Institutional Trading of AutoZone
Large investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in AutoZone in the first quarter valued at about $32,000. Riverview Trust Co bought a new stake in AutoZone during the 1st quarter worth approximately $41,000. Meeder Asset Management Inc. increased its stake in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company's stock worth $44,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in AutoZone during the 2nd quarter worth approximately $50,000. Finally, ORG Partners LLC bought a new position in AutoZone in the second quarter valued at approximately $50,000. Institutional investors own 92.74% of the company's stock.
About AutoZone
(
Get Free Report)
AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
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