AutoZone Rating Reiterated by TheStreet (AZO)
http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of AutoZone (NYSE: AZO) in a research report sent to investors on Friday 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 388.33 on Friday. AutoZone has a 52 week low of $341.98 and a 52 week high of $399.10. The stock’s 50-day moving average is currently $374.7. The company has a market cap of $14.010 billion and a P/E ratio of 15.49.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an outperform rating on shares of AutoZone in a research note to investors on Monday, March 4th. They now have a $440.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of AutoZone from $340.00 to $357.00 in a research note to investors on Wednesday, February 27th. They now have an underweight rating on the stock. Finally, analysts at Citigroup raised their price target on shares of AutoZone from $421.00 to $437.00 in a research note to investors on Wednesday, February 27th. They now have a buy rating on the stock.
Twelve investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, eight have given a hold rating, and one has issued a sell rating to the stock. The stock presently has an average rating of overweight and an average price target of $417.22.
AutoZone, Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
To view TheStreet’s full report, visit www.thestreetratings.com
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