Sunday, 21 July 2024

Business News

Bank of America Securities Sticks to Its Hold Rating for AutoZone (AZO) – TipRanks Financial Blog

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Bank of America Securities analyst Elizabeth Lane Suzuki reiterated a Hold rating on AutoZone (AZOResearch Report) today and set a price target of $2,560.00. The company’s shares closed today at $2,475.12.

According to TipRanks, Lane Suzuki is a 2-star analyst with an average return of 0.0% and a 48.97% success rate. Lane Suzuki covers the Consumer Cyclical sector, focusing on stocks such as O’Reilly Auto, Leslie’s, and Advance Auto Parts.

Currently, the analyst consensus on AutoZone is a Strong Buy with an average price target of $2,828.50.

See Insiders’ Hot Stocks on TipRanks >>

AZO market cap is currently $45.79B and has a P/E ratio of 19.90.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZO in relation to earlier this year. Most recently, in July 2023, Charles Pleas, the Sr. VP Finance and Accounting of AZO sold 4,200.00 shares for a total of $10,695,506.08.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1979, Tennessee-based AutoZone, Inc. retails and distributes automotive replacement parts and accessories.

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