UBS Upgrades AutoZone to Buy

Brokerage firm UBS Upgrades its rating on AutoZone(NYSE:AZO). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by UBS was issued on Sep 12, 2016.

In a different note, 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) shares turned negative on Tuesdays trading session with the shares closing down -2.29 points or -0.31% at a volume of 3,62,168. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $750.77. The peak price level was also seen at $750.77 while the days lowest was $742. Finally the shares closed at $744.06. The 52-week high of the shares is $819.54 while the 52-week low is $681.01. According to the latest information available, the market cap of the company is $21,750 M.

AutoZone(AZO) last announced its earnings results on May 24, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.59B. Analysts had an estimated revenue of $2.65B. Earnings per share were $10.77. Analysts had estimated an EPS of $10.93.

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.

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