AutoZone Stock Rating Lowered by Stifel Nicolaus (AZO)

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Stifel Nicolaus cut shares of AutoZone (NYSE:AZO) from a buy rating to a hold rating in a research report sent to investors on Friday morning, TheFlyOnTheWall.com reports. The firm currently has $570.00 price target on the stock.

Shares of AutoZone (NYSE:AZO) opened at 520.56 on Friday. AutoZone has a 52 week low of $408.90 and a 52 week high of $561.62. The stock has a 50-day moving average of $532.0 and a 200-day moving average of $524.5. The company has a market cap of $16.970 billion and a price-to-earnings ratio of 16.96.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.44 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $7.27 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that AutoZone will post $31.57 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on AZO. Analysts at Goldman Sachs initiated coverage on shares of AutoZone in a research note on Tuesday, June 24th. They set an equal weight rating and a $575.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of AutoZone in a research note on Tuesday, June 24th. They set an equal weight rating and a $575.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of AutoZone in a research note on Friday, June 6th. They now have a $565.00 price target on the stock. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $567.14.

AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.

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