Somewhat Favorable Media Coverage Somewhat Unlikely to Affect AutoZone (NYSE:AZO) Share Price

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:

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.

Shares of AutoZone (NYSE:AZO) traded down $3.53 on Thursday, reaching $784.79. The company’s stock had a trading volume of 297,633 shares, compared to its average volume of 481,764. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone has a 1-year low of $491.13 and a 1-year high of $791.64. The stock has a market cap of $21,470.00, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71.

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.

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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.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

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