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AutoZone (AZO) Receives a Buy from Barclays


In a report released yesterday, Matthew McClintock from Barclays maintained a Buy rating on AutoZone (AZO), with a price target of $950. The company’s shares closed yesterday at $880.07, close to its 52-week high of $894.37.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 7.1% and a 53.6% success rate. McClintock covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Party City Holdco, and Foot Locker Inc.

AutoZone has an analyst consensus of Moderate Buy, with a price target consensus of $863.55, a -1.9% downside from current levels. In a report issued on November 26, Deutsche Bank also maintained a Buy rating on the stock with a $940 price target.

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AutoZone’s market cap is currently $22.65B and has a P/E ratio of 18.03. The company has a Price to Book ratio of -14.90.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Last month, Halsell Rodney C., the SVP of AZO sold 5,387 shares for a total of $4,046,730.

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.

AutoZone, Inc. engages in the provision of retail and distribution of automotive replacement parts and accessories. It operates through the Auto Parts Locations and Other segments. The Auto Parts Locations segment provides automotive parts and accessories through the company’s stores in the U.S., Puerto Rico, Mexico, and Brazil.