These Analysts Boost PT On AutoZone Following Upbeat Earnings

AutoZone Inc 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 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!