Headlines about AutoZone (NYSE:AZO) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AutoZone earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0735894346185 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
- AutoZone, Inc. (AZO) Insider James C. Griffith Sells 1,547 Shares (americanbankingnews.com)
- AutoZone Is Ready To Go Higher – Seeking Alpha (seekingalpha.com)
- What’s Chevron Corporation New (NYSE:CVX) Upside After This Short Interest Increase? (tingoos.com)
- AutoZone, Inc. (AZO) Insider Sells $577,473.80 in Stock (americanbankingnews.com)
- $2.38 Billion in Sales Expected for AutoZone, Inc. (AZO) This Quarter (americanbankingnews.com)
A number of research analysts have weighed in on AZO shares. Credit Suisse Group set a $640.00 target price on AutoZone and gave the stock a “buy” rating in a report on Wednesday, November 1st. Citigroup reiterated a “buy” rating and set a $700.00 target price on shares of AutoZone in a report on Wednesday, September 20th. Zacks Investment Research downgraded AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. UBS Group restated a “buy” rating and issued a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Barclays upped their price target on AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $743.12.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the consensus estimate of $9.90 by $0.10. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.36 EPS. equities analysts expect that AutoZone will post 47.25 earnings per share for the current fiscal year.
In other news, insider Philip B. Daniele sold 740 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $780.37, for a total transaction of $577,473.80. Following the transaction, the insider now directly owns 1,058 shares of the company’s stock, valued at approximately $825,631.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James C. Griffith sold 1,547 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $783.00, for a total value of $1,211,301.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,460 shares of company stock worth $68,105,451 over the last three months. Insiders own 2.60% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/01/18/autozone-azo-receives-news-impact-rating-of-0-15.html.
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.
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.