AutoZone Gets a Buy Rating from Barclays


In a report released yesterday, Matthew McClintock from Barclays maintained a Buy rating on AutoZone (NYSE: AZO), with a price target of $875. The company’s shares closed yesterday at $602.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 5.4% and a 51.1% success rate. McClintock covers the Services sector, focusing on stocks such as Floor & Decor Holdings Inc, Lululemon Athletica Inc, and Bed Bath & Beyond.

Currently, the analyst consensus on AutoZone is Moderate Buy and the average price target is $785.62, representing a 30.5% upside.

In a report issued on May 7, Goldman Sachs also maintained a Buy rating on the stock with a $780 price target.

See today’s analyst top recommended stocks >>

AutoZone’s market cap is currently $16.41B and has a P/E ratio of 12.78. The company has a Price to Book ratio of -12.33.

Based on the recent corporate insider activity of 56 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.

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 a distribution of automotive replacement parts and accessories. It operates through Auto Parts Locations, and Other segments. The Auto Parts Locations segment is provides automotive parts and accessories through the company’s stores in the United States, Puerto Rico, Mexico, and Brazil.

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