AutoZone (NYSE:AZO) Issues Earnings Results

AutoZone (NYSE:AZO) posted its earnings results on Tuesday. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82), Zacks reports. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%.

AutoZone Stock Down 0.6 %

AutoZone stock opened at $3,471.00 on Tuesday. The firm has a fifty day moving average of $3,341.31 and a 200-day moving average of $3,219.44. The firm has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a PEG ratio of 1.86 and a beta of 0.70. AutoZone has a 52-week low of $2,728.97 and a 52-week high of $3,519.00.

Analysts Set New Price Targets

Several research firms recently weighed in on AZO. Argus increased their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Truist Financial raised their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Mizuho raised their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Guggenheim increased their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,442.61.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.