AutoZone, Inc. (NYSE:AZO) has been downgraded to Sell in a statement by TheStreet earlier today.
- Updated: October 1, 2016
Yesterday AutoZone, Inc. (NYSE:AZO) traded 0.34% higher at $764.50. The company’s 50-day moving average is $758.42 and its 200-day moving average is $776.10. The last closing price is down -1.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 354,110 shares of the stock traded hands, up from an average trading volume of 290,948
TheStreet has downgraded AutoZone, Inc. (NYSE:AZO) to Sell in a report released on 9/28/2016.
Previously on Tuesday September 27, 2016, Morgan Stanley reported on AutoZone, Inc. (NYSE:AZO) increased the target price from $820.00 to $840.00. At the time, this indicated a possible upside of 0.11%.
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AutoZone, Inc. has a 52 week low of $681.01 and a 52 week high of $819.54 with a P/E ratio of 18.88 The company’s market cap is currently $0.
In addition to TheStreet reporting its stock price target, a total of 19 brokers have issued a report on the company. The average stock price target is $854.42 with 8 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 13 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About AutoZone, Inc. (NYSE:AZO)
AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company's operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC). The Other segment reflects business activities of three businesses: ALLDATA, E-commerce and AutoAnything. As of August 29, 2015, the Company operated approximately 5,140 AutoZone stores in the United States, including Puerto Rico; over 440 stores in Mexico; approximately seven stores in Brazil, and over 20 IMC branches. The Company's store carries a product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. As of August 29, 2015, in approximately 4,140 of its domestic AutoZone stores, the Company also provides a commercial sales program.
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