AutoZone Receives a Buy from Credit SuisseBy Jason Carr
According to TipRanks.com, Sigman is a 3-star analyst with an average return of 1.7% and a 55.4% success rate. Sigman covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Dick’s Sporting Goods, and Container Store Group.
AutoZone has an analyst consensus of Moderate Buy, with a price target consensus of $863.57.
The company has a one year high of $819.54 and a one year low of $681.01. Currently, AutoZone has an average volume of 358.1K.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AZO in relation to earlier this year. Last month, Joseph Hyde, a Director at AZO bought 3,000 shares for a total of $349,020.
AutoZone, Inc. engages in the provision of retail and a distribution of automotive replacement parts and accessories. It operates in the following segments: Auto Parts Locations and Others. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories through the company’s stores in the United States, Puerto Rico, Mexico and Brazil. The Others segment includes 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. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.