Nomura Reaffirms Buy Rating on AutoZone (AZO)
AZO has been the subject of a number of other recent research reports. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of AutoZone to $400.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of AutoZone from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, May 18th. They now have a $440.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of AutoZone in a research note to investors on Thursday, May 17th.
Shares of AutoZone opened at 372.84 on Wednesday. AutoZone has a one year low of $266.25 and a one year high of $399.10. The company has a market cap of $14.530 billion and a P/E ratio of 17.39.
AutoZone last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.26 by $0.02. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that AutoZone will post $5.43 earnings per share next quarter.
AutoZone, Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories.