Wells Fargo analyst Zachary Fadem maintained a Buy rating on AutoZone (NYSE: AZO) today. The company’s shares closed yesterday at $747.52.
Fadem noted:
“Wells Fargo Securities, LLC. Wells Fargo Securities, LLC provided nonsecurities services to AutoZone, Inc..”
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 11.8% and a 67.1% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
AutoZone has an analyst consensus of Moderate Buy, with a price target consensus of $789.75.
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AutoZone’s market cap is currently $19.93B and has a P/E ratio of 15.23. The company has a Price to Book ratio of -14.64.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Last month, Albert Saltiel, the SVP of AZO sold 2,150 shares for a total of $1,543,485.
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.
