AutoZone (AZO) Receives a Buy from TD Cowen
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
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
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.
Read More on AZO:
Disclaimer & DisclosureReport an Issue
- AutoZone price target lowered to $3,700 from $4,300 at Citi
- AutoZone price target lowered to $4,000 from $4,600 at Raymond James
- AutoZone price target lowered to $3,750 from $4,300 at DA Davidson
- AutoZone price target lowered to $3,817 from $4,045 at Truist
- AutoZone price target lowered to $3,200 from $3,600 at Mizuho
