Morgan Stanley announced Autozone Inc. (NYSE:AZO), raising its target price to $840.00 today
- Updated: September 26, 2016
Having a price of $758.88, Autozone Inc. (NYSE:AZO) traded 1.88% higher on the day. With the last close down -2.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Autozone Inc. has recorded a 50-day average of $761.94 and a two hundred day average of $776.57. Volume of trade was up over the average, with 753,137 shares of AZO changing hands over the typical 282,184
Autozone Inc. (NYSE:AZO) had its stock price target increased to $840.00 by Morgan Stanley in an issued report issued 09/27/2016. The new stock price target suggests a potential upside of 0.11% based on the company's most recent close.
On Friday September 23, 2016, Goldman Sachs released a statement on Autozone Inc. (NYSE:AZO) upped the target price from $841.00 to $874.00 that suggested an upside of 0.17%.
With a total market value of $0, Autozone Inc. has 52 week low of $681.01 and a 52 week high of $819.54 with a PE ratio of 18.65 .
In addition to Morgan Stanley reporting its stock price target, a total of 19 brokers have issued a research note 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.
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'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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