Goldman Sachs Sticks to Their Buy Rating for AutoZone (AZO)
In a report released yesterday, Kate McShane from Goldman Sachs maintained a Buy rating on AutoZone, with a price target of $4,345.00. The company’s shares closed yesterday at $3,637.17.
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McShane covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Five Below, and Dick’s Sporting Goods. According to TipRanks, McShane has an average return of 6.3% and a 59.67% success rate on recommended stocks.
In addition to Goldman Sachs, AutoZone also received a Buy from Citi’s Steven Zaccone in a report issued today. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on AutoZone (NYSE: AZO).
Based on AutoZone’s latest earnings release for the quarter ending November 22, the company reported a quarterly revenue of $4.63 billion and a net profit of $530.82 million. In comparison, last year the company earned a revenue of $4.28 billion and had a net profit of $564.93 million
Based on the recent corporate insider activity of 81 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, George Mrkonic, a Director at AZO sold 336.00 shares for a total of $1,075,872.00.
Read More on AZO:
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- AutoZone price target lowered to $4,300 from $4,400 at BMO Capital
- AutoZone earnings selloff a buying opportunity, says JPMorgan
- AutoZone price target raised to $4,300 from $4,200 at Citi
- AutoZone: Resilient Growth, Temporary Margin Headwinds, and a Strengthened Buy Case
- AutoZone: Near-Term Noise Masks Solid Core Fundamentals and Attractive Buy Entry Point
