Wall Street is positive on AutoZone, Inc. (AZO). On average, analysts give AutoZone, Inc. a Strong Buy rating. The average price target is $1273.333, which means analysts expect the stock to gain by 6.65% over the next twelve months.
That rating is better than 51% of stocks based on data compiled by InvestorsObserver.
Click Here to get the full report on AutoZone, Inc. (AZO) Stock.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With AutoZone, Inc. Stock Today?
AutoZone, Inc. (AZO) stock is trading at $1,193.90 as of 9:42 AM on Thursday, Jan 2, a gain of $2.59, or 0.22% from the previous closing price of $1,191.31. The stock has traded between $1,189.25 and $1,194.86 so far today. Volume today is below average. So far 2,706 shares have traded compared to average volume of 221,510 shares.
