Breaking Finance News

Bank of America Corporation downgraded AutoZone, Inc. (NYSE:AZO) to Neutral in a statement released today.

Bank of America Corporation has downgraded AutoZone, Inc. (NYSE:AZO) to Neutral in a report released on 07/07/2017.

Previously on Thursday July 06, 2017, RBC Capital Markets released a statement about AutoZone, Inc. (NYSE:AZO) reduced the target price from $653.00 to $577.00. At the time, this indicated a possible upside of 0.13%.

Just yesterday AutoZone, Inc. (NYSE:AZO) traded 1.60% higher at $507.48. AutoZone, Inc.’s 50-day moving average is $528.38 and its 200-day moving average is $650.21. The last stock price is down -17.88% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 373,200 shares of AZO traded hands, down from an average trading volume of 596,614

Recent Performance Chart

AutoZone, Inc. (NYSE:AZO)

AutoZone, Inc. has 52 week low of $491.13 and a 52 week high of $813.70 with a PE ratio of 12.33 and has a market capitalization of $0.

In addition to Bank of America Corporation reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $854.42 with 8 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On AutoZone, Inc. (NYSE:AZO)

Autozone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com.

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