AutoZone (NYSE:AZO) Stock Price Expected to Rise, Roth Mkm Analyst Says

AutoZone (NYSE:AZO) had its price objective increased by investment analysts at Roth Mkm from $3,634.00 to $3,763.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 6.72% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Wedbush reaffirmed an “outperform” rating and set a $3,700.00 price target on shares of AutoZone in a research note on Wednesday. Mizuho upped their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research report on Wednesday. Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup raised their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen raised their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,608.30.

AutoZone Trading Up 1.5 %

Shares of AutoZone stock traded up $52.30 during trading hours on Wednesday, hitting $3,525.96. 41,261 shares of the company were exchanged, compared to its average volume of 108,576. The business has a 50-day moving average of $3,345.35 and a 200-day moving average of $3,221.36. AutoZone has a 1 year low of $2,728.97 and a 1 year high of $3,563.57. The stock has a market capitalization of $59.17 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. As a group, research analysts anticipate that AutoZone will post 152.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH grew its holdings in AutoZone by 630.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,577 shares of the company’s stock worth $5,050,000 after acquiring an additional 1,361 shares during the period. Menard Financial Group LLC acquired a new stake in AutoZone during the 4th quarter worth about $157,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AutoZone in the 4th quarter valued at approximately $95,480,000. B. Riley Wealth Advisors Inc. boosted its position in AutoZone by 1.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,219 shares of the company’s stock valued at $3,903,000 after purchasing an additional 13 shares during the last quarter. Finally, Cypress Asset Management Inc. TX bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $208,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.