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.

AutoZone (AZO) Receives a Buy from TD Cowen

Tipranks - Fri Jun 5, 12:44PM CDT

In a report released today, Max Rakhlenko from TD Cowen maintained a Buy rating on AutoZone, with a price target of $3,700.00.

Claim 55% Off TipRanks

Rakhlenko covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Planet Fitness, and Advance Auto Parts. According to TipRanks, Rakhlenko has an average return of 2.1% and a 50.00% success rate on recommended stocks.

In addition to TD Cowen, AutoZone also received a Buy from Morgan Stanley’s Simeon Gutman in a report issued on May 29. However, on June 1, Bank of America Securities maintained a Hold rating on AutoZone (NYSE: AZO).

Based on AutoZone’s latest earnings release for the quarter ending May 9, the company reported a quarterly revenue of $4.84 billion and a net profit of $641.49 million. In comparison, last year the company earned a revenue of $4.46 billion and had a net profit of $608.44 million

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock. Last month, Brian Hannasch, a Director at AZO bought 165.00 shares for a total of $492,855.00.

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.