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Jefferies Sticks to Their Buy Rating for AutoZone (AZO)

Tipranks - Thu May 28, 10:20AM CDT

In a report released today, from Jefferies maintained a Buy rating on AutoZone, with a price target of $4,000.00.

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In addition to Jefferies, AutoZone also received a Buy from Wells Fargo’s Zachary Fadem in a report issued today. However, on the same day, Mizuho Securities maintained a Hold rating on AutoZone (NYSE: AZO).

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.

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