Truist Financial Increases AutoZone (NYSE:AZO) Price Target to $3,841.00

AutoZone (NYSE:AZO) had its price target boosted by Truist Financial from $3,753.00 to $3,841.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. DA Davidson upped their price target on AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $3,700.00 price target on shares of AutoZone in a report on Wednesday. Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Roth Mkm upped their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,646.62.

AutoZone Trading Up 2.8 %

Shares of AutoZone stock opened at $3,569.49 on Wednesday. AutoZone has a 12 month low of $2,728.97 and a 12 month high of $3,570.50. The firm has a market capitalization of $59.90 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.86 and a beta of 0.71. The business has a fifty day simple moving average of $3,351.07 and a two-hundred day simple moving average of $3,223.79.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Analysts predict that AutoZone will post 152.94 earnings per share for the current year.

Institutional Investors Weigh In On AutoZone

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of AutoZone in the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. grew its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after acquiring an additional 3 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the 3rd quarter worth $36,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of AutoZone in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

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.