http://www.americanbankingnews.com/getthestreet reissued their buy rating on shares of AutoZone (NYSE: AZO) in a research report released on Wednesday morning.
“AutoZone (AZO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” the firm’s analyst wrote.
Shares of AutoZone opened at 373.61 on Wednesday. AutoZone has a one year low of $341.98 and a one year high of $399.10. The stock’s 50-day moving average is currently $361.3. The company has a market cap of $13.574 billion and a P/E ratio of 15.38.
A number of other analysts have also recently weighed in on AZO. Analysts at Sanford C. Bernstein reiterated a market perform rating on shares of AutoZone in a research note to investors on Thursday, February 7th. They now have a $391.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an overweight rating on shares of AutoZone in a research note to investors on Monday, January 28th. They now have a $425.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of AutoZone from a hold rating to a buy rating in a research note to investors on Thursday, January 24th.
Twelve research analysts have rated the stock with a buy rating, two have given an overweight rating, eight have given a hold rating, and one has given a sell rating to the stock. AutoZone currently has a consensus rating of overweight and an average target price of $410.11.
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