Somewhat Favorable News Coverage Somewhat Unlikely to Impact AutoZone (AZO) Share Price
Press coverage about AutoZone (NYSE:AZO) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoZone earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.5820224925397 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- AutoZone to Hold Stockholders’ Meeting December 20, 2017 (finance.yahoo.com)
- AutoZone to Hold Stockholders’ Meeting December 20, 2017 (feeds.benzinga.com)
- AutoZone to Release First Quarter Earnings December 5, 2017 (feeds.benzinga.com)
- Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks (4-traders.com)
- AutoZone Breaks Above 200-Day Moving Average – Bullish for AZO (nasdaq.com)
Shares of AutoZone (NYSE AZO) opened at $607.63 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56. AutoZone has a twelve month low of $491.13 and a twelve month high of $813.70. The firm has a market capitalization of $16,365.20, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.10 and a beta of 0.65.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. AutoZone’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $14.30 EPS. research analysts forecast that AutoZone will post 46.78 earnings per share for the current year.
A number of analysts have recently issued reports on AZO shares. Oppenheimer Holdings, Inc. cut their price objective on AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $550.00 price objective (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. BidaskClub raised AutoZone from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Bank of America Corporation reissued a “buy” rating and set a $625.00 price target on shares of AutoZone in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $724.45.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact AutoZone (AZO) Share Price” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-autozone-azo-share-price/1703920.html.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.
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.
Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.