AutoZone, Inc.

New York Stock Exchange
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Somewhat Bullish +50

AutoZone (AZO) Receives a Buy from TD Cowen

AI-generated analysis

📈 TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone (AZO) with a price target of $3,700.

💰 The company reported quarterly revenue of $4.84 billion and net profit of $641.49 million for the quarter ending May 9.

📉 Revenue grew from $4.46 billion last year while net profit increased from $608.44 million in the same period.

⚖️ Corporate insider sentiment remains neutral based on activity from 65 insiders over the recent period.

👤 Director Brian Hannasch purchased 165 shares for a total value of $492,855 last month.

🏦 Morgan Stanley also issued a Buy rating on AutoZone in a report released on May 29.

⚠️ Bank of America Securities maintained a Hold rating on the stock as of June 1.

📉 Citi lowered its price target for AutoZone from $4,300 to $3,700.

📉 Raymond James reduced its price target from $4,600 to $4,000.

📉 DA Davidson cut its price target from $4,300 to $3,750.

📉 Truist lowered its price target from $4,045 to $3,817.

📉 Mizuho decreased its price target from $3,600 to $3,200.

👨‍💼 Max Rakhlenko covers the Consumer Cyclical sector including AutoZone, Planet Fitness, and Advance Auto Parts.

📊 Analyst Max Rakhlenko has an average return of 2.1% and a 50% success rate on recommended stocks.

Bullish Signals
  • TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone with a price target of $3,700.00.
  • AutoZone reported quarterly revenue of $4.84 billion and net profit of $641.49 million for the quarter ending May 9.
  • The company's recent earnings show growth compared to last year, with revenue increasing from $4.46 billion and net profit rising from $608.44 million.
  • Corporate insider sentiment remains neutral with Director Brian Hannasch purchasing 165 shares for a total of $492,855.00.
Risk Factors
  • Citi lowered its price target on AutoZone from $4,300 to $3,700.
  • Raymond James reduced its price target from $4,600 to $4,000.
  • DA Davidson cut its price target from $4,300 to $3,750.
  • Truist decreased its price target from $4,045 to $3,817.
  • Mizuho lowered its price target from $3,600 to $3,200.
Full Analysis
TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone (AZO) with a price target of $3,700. The firm covers the Consumer Cyclical sector, including AutoZone, Planet Fitness, and Advance Auto Parts. Rakhlenko has an average return of 2.1% and a 50% success rate on recommended stocks according to TipRanks. AutoZone also received a Buy from Morgan Stanley's Simeon Gutman in a report issued on May 29, while Bank of America Securities maintained a Hold rating on June 1. Based on the latest earnings release for the quarter ending May 9, AutoZone reported quarterly revenue of $4.84 billion and net profit of $641.49 million, compared to last year's revenue of $4.46 billion and net profit of $608.44 million. Corporate insider sentiment is neutral based on activity from 65 insiders. Last month, Brian Hannasch, a Director at AZO, bought 165 shares for a total of $492,855. Recent analyst price target adjustments include Citi lowering its target to $3,700 from $4,300, Raymond James to $4,000 from $4,600, DA Davidson to $3,750 from $4,300, Truist to $3,817 from $4,045, and Mizuho to $3,200 from $3,600.