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Analysts’ Post-2Q18 Views on AutoZone Stock

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Nov. 20 2020, Updated 11:26 a.m. ET

Analysts on AutoZone stock

According to data compiled by Reuters, of the 27 analysts covering AutoZone (AZO) stock on March 5, 40% recommended “buy,” 56% analysts recommended “hold,” and 4% recommended “sell.”

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Target price

Analysts have given AutoZone stock a target price of $780.71 in the next 12 months, reflecting an upside potential of ~17.8% based on its March 2 market price of $662.86. Analysts’ target price for the stock has risen significantly in the last three months, from $703.27 to $780.71.

However, analysts had a much higher target price for AutoZone stock at the end of calendar 2016, of $871. Stagnation in the company’s profitability in recent quarters could be why most analysts recommend “hold” for AutoZone stock.

Peer comparison

In comparison, auto part sellers and auto manufacturers’ (FXD) analyst recommendations and 12-month outlook are as follows:

  • ~44% of analysts recommended “buy” for Advance Auto Parts (AAP), targeting a 4.8% upside potential
  • most analysts (68%) recommended “buy” for O’Reilly Automotive (ORLY), targeting a ~21% upside potential
  • only 13% of analysts recommended “buy” for Ford (F), targeting a ~17.4% upside potential

To stay updated on auto industry news and earnings reviews, visit Market Realist’s Autos page.

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