AutoZone (NYSE:AZO) target price lowered to $855.00, reported today by RBC Capital
- Updated: September 22, 2016
Yesterday AutoZone (NYSE:AZO) traded -0.43% lower at $748.23. The company’s 50-day moving average is $765.10 and its 200-day moving average is $776.88. The last stock close price is down -3.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,030,135 shares of the stock were exchanged, up from an average trading volume of 267,852
AutoZone (NYSE:AZO) had its target price lowered to $855.00 by RBC Capital in a report released Friday September 23, 2016. The new target price indicates a possible upside of 0.14% based on the company's last stock close price.
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AutoZone has a 52 week low of $681.01 and a 52 week high of $819.54 with a P/E ratio of 19.01 The company’s market cap is currently $0.
In addition to RBC Capital reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $854.42 with 8 firms rating the stock a strong buy, 4 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About AutoZone (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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