Guggenheim Reaffirms Their Buy Rating on AutoZone (AZO)
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.
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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.
Read More on AZO:
Disclaimer & DisclosureReport an Issue
- AutoZone: Buy Rating Reaffirmed as Earnings Acceleration and Store Investments Offset Softer FQ3; Price Target Trimmed to $3,605
- AutoZone Earnings Call: Growth Outruns Accounting Headwinds
- AutoZone: Buy Rating Reiterated on Earnings Outperformance and Resilient Demand; $4,800 Price Target Maintained
- AutoZone: Buy Rating Reiterated as Analyst Sees Selloff Overdone, Maintains $4,150 Price Target
- Why AutoZone Stock (AZO) Crashed Today
