Brokerage firm Morgan Stanley Upgrades its rating on AutoZone(NYSE:AZO). In a research note issued to the investors, the brokerage major Raises the price-target to $840.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Sep 27, 2016.
In a different note, On Sep 23, 2016, Goldman Sachs said it Maintains its rating on AutoZone. In the research note, the firm Raises the price-target to $841.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 12, 2016, UBS said it Upgrades its rating on AutoZone. The shares have been rated ‘Buy’ by the firm. Susquehanna said it Initiates Coverage on AutoZone, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm.
AutoZone (AZO) made into the market gainers list on Fridays trading session with the shares advancing 0.34% or 2.58 points. Due to strong positive momentum, the stock ended at $768.34, which is also near the day’s high of $772.36. The stock began the session at $768.12 and the volume stood at 3,54,110 shares. The 52-week high of the shares is $819.54 and the 52 week low is $681.01. The company has a current market capitalization of $22,460 M and it has 2,92,32,031 shares in outstanding.
AutoZone(AZO) last announced its earnings results on Sep 22, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $3.40B. Analysts had an estimated revenue of $3.43B. Earnings per share were $14.30. Analysts had estimated an EPS of $14.26.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Thomas B Newbern (Exec. Vice President) sold 16,870 shares at $800.86 per share price.Also, On Jul 20, 2016, Earl G Jr Graves (director) sold 1,000 shares at $795.24 per share price.On Jul 11, 2016, William R. Hackney (Sr. Vice President) sold 1,450 shares at $810.60 per share price, according to the Form-4 filing with the securities and exchange commission.
AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.