🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

These Analysts Boost PT On AutoZone Following Upbeat Earnings

Published 20/09/2022, 13:57
© Reuters.  These Analysts Boost PT On AutoZone Following Upbeat Earnings
AZO
-
TGTB34
-

AutoZone Inc (NYSE: NYSE:AZO) reported better-than-expected earnings for its fourth quarter on Monday.

The company reported fourth-quarter FY22 sales growth of 8.9% year-on-year to $5.35 billion, beating the consensus of $5.15 billion. EPS of $40.51 beat the consensus of $38.38.

AutoZone shares fell 3.1% to close at $2,097.59 on Monday

These analysts made changes to their price targets on AutoZone today.

  • Citigroup (NYSE:C) boosted the price target on the stock from $2,250 to $2,520. Citigroup analyst Steven Zaccone maintained the stock with a Buy.
  • Wedbush raised price target on the stock from $2,250 to $2,350. Wedbush analyst Seth Basham maintained AutoZone with an Outperform.
  • JP Morgan raised the price target on the stock from $2,550 to $2,660. JP Morgan analyst Christopher Horvers maintained an Overweight rating on the stock
  • Jefferies boosted the price target on the stock from $2,350 to $2,450. Jefferies analyst Bret Jordan maintained a Buy rating on the stock.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.