This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Guggenheim Reaffirms Their Buy Rating on AutoZone (AZO)

Tipranks - Thu May 28, 6:36AM CDT

In a report released yesterday, from Guggenheim reiterated a Buy rating on AutoZone, with a price target of $4,000.00. The company’s shares closed yesterday at $3,100.11.

Memorial Day Sale – Claim 70% Off TipRanks

Currently, the analyst consensus on AutoZone is a Strong Buy with an average price target of $4,071.83, implying a 31.34% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $4,023.00 price target.

Based on AutoZone’s latest earnings release for the quarter ending February 14, the company reported a quarterly revenue of $4.27 billion and a net profit of $468.86 million. In comparison, last year the company earned a revenue of $3.95 billion and had a net profit of $487.92 million

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZO in relation to earlier this year. Last month, Earl G. Graves, a Director at AZO sold 50.00 shares for a total of $173,936.00.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.