AutoZone (NYSE:AZO) Given Daily News Impact Rating of 0.17
Media stories about AutoZone (NYSE:AZO) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoZone earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1611486201369 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Autozone Inc (AZO) Sees The Tape Move Mid-Market – Sheridan Daily (sheridandaily.com)
- Is There a Catalyst Out There For AutoZone, Inc. (NYSE:AZO) or Mettler-Toledo International Inc. (NYSE:MTD)? – FLBC News (flbcnews.com)
- AutoZone Becomes #200 Most Shorted S&P 500 Component, Replacing Align Technology (marketnewsvideo.com)
- See what the IHS Markit Score report has to say about Autozone Inc. (finance.yahoo.com)
- Auto Stock Roundup: General Motors Recalls, Toyota Forms JV, Tesla Sells Bonds for Model 3 (finance.yahoo.com)
A number of analysts recently weighed in on AZO shares. Raymond James Financial, Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price target on shares of AutoZone and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada decreased their price target on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a research report on Monday, May 22nd. Morgan Stanley decreased their price target on shares of AutoZone from $825.00 to $680.00 and set an “overweight” rating for the company in a research report on Thursday, May 25th. Finally, Citigroup Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AutoZone currently has a consensus rating of “Hold” and an average price target of $775.91.
AutoZone (NYSE:AZO) traded down 1.43% during midday trading on Thursday, reaching $525.52. 301,847 shares of the company traded hands. The firm’s 50 day moving average price is $529.68 and its 200 day moving average price is $651.68. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 12.14 and a beta of 0.61. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the consensus estimate of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $10.77 earnings per share. AutoZone’s revenue was up 1.0% on a year-over-year basis. On average, analysts expect that AutoZone will post $43.99 earnings per share for the current year.
In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of AutoZone stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the transaction, the director now directly owns 4,431 shares of the company’s stock, valued at $2,669,677.50. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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AutoZone Company Profile
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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