The Fly reports that on Wednesday, analysts from Bank of America downgraded their recommendation on AutoZone (NYSE: AZO), moving it from “neutral” to “underperform.” Investors were provided with a note explaining the move that was made.
Over the past little while, several other stock research analysts have concentrated much of their attention on AZO. On Tuesday, September 27, Argus released a research note that increased their target price on AutoZone stock from $2,210.00 to $2,330.00 and rated it as a “buy.” Argus also gave the stock a “buy” rating in their research report. In a research note published on October 20, Raymond James upgraded AutoZone to an “outperform” rating and increased their price objective on the stock from $2,350.00 to $2,500.00. Additionally, they raised their price objective on the stock from $2,350.00 to $2,500.00. An of a s an in. … and,., a., in the Mazda aaaaaaaaaaa a… a. a. Finally, in a research note published on December 7, UBS Group upgraded AutoZone to a “neutral” rating and increased their price objective on the stock from $2,260.00 to $2,540.00.
Additionally, they raised their price target on the stock from $2,260.00 to $2,540.00. Last but certainly not least, in a research report made available to the public on Friday, December 2, Stephens increased their price objective on AutoZone shares to 2.8 thousand dollars. One financial expert has suggested buying the stock, two others have maintained a hold rating, and fourteen others have reiterated their recommendation to purchase the stock. Conversely, one of the financial experts has suggested selling the stock. According to Bloomberg, the current average rating for the company is “Moderate Buy,” and the price target has been set at $2,568.40. In addition, Bloomberg reports that the company has a market capitalization of $2,409.40 million.
When the market opened for business on Wednesday, the price of an AZO share was $2,393.46 per unit. During the 52 weeks, AutoZone experienced a range of prices ranging from a high of $2,610.05 to a low of $1,703.32 at various points. The price-to-earnings ratio for this company is 20.06; the price-to-earnings growth ratio is 1.49, and the company’s beta value is 0.75. All of these metrics pertain to the company’s stock. The company currently has a market capitalization of $45.43 billion. The straightforward moving averages for the company over the past 50 days and the last 200 days are, respectively, $2,427.98 and $2,248.38.
The most recent earnings report for AutoZone, which began trading on the New York Stock Exchange (NYSE) on December 6 under the ticker symbol AZO, can be found here. The actual earnings per share generated by the company for the quarter came in at $27.45, which was $2.63 higher than the average estimate of $24.82 per share floating around. AutoZone had a negative return on equity, 69.45%, and the net margin for the company was 14.57%. The revenue for the quarter came in at $3.99 billion, which is significantly higher than the expectations of $3.87 billion floating around in the market. The company reported earnings of $25.69 per share in the prior year’s financial statements for the same quarter. Compared to the outcomes of the same quarter in the preceding year, the current year’s results for the company’s quarterly sales showed an increase of 8.6%. According to the projections of the analysts who conduct equity research, AutoZone will bring in 124.38 dollars in profits per share this year.
According to additional recent news, AutoZone CEO William C. Rhodes III sold 14,528 shares of the company’s stock on October 11. This transaction was reported in other recent news. The cost of each share was an average of $2,271.56 when purchased during, resulting in a total value of $33,001,223.68 for the transaction. Following the successful completion of the sale, the Chief Executive Officer (CEO) is now the direct owner of 15,976 company shares, the total value of which is approximately $36,290,442.56. Follow the link, which will take you to a legal file submitted to the SEC. You will have the opportunity to acquire additional information regarding the transaction. On Thursday, October 6, William C. Rhodes III, the company’s chief executive officer, sold 10,381 shares of the company’s stock. The purchase of each share occurred at an average price of $2,229.88 during the sale, which resulted in the total value of the transaction being $23,148,384.28. Following the successful completion of the transaction, the chief executive officer has acquired direct ownership of 15,976 shares of the company’s stock. The total value of these shares is approximately $35,624,562.88. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Is it true that t s o t s is in the s s s s s s? The sale of the stock resulted in total revenue of $33,001,223.68; the price at which each share was purchased, on average, was $2,271.56. Following the successful conclusion of the transaction, the Chief Executive Officer is now the direct owner of 15,976 shares of the company’s stock, which have a combined value of $36,290,442.56. Disclosures that are related to the sale might be found in this section of the website. During the most recent fiscal quarter, company insiders sold 35,709 shares, realizing a total sale price of $80,143,400 due to their transactions. The insiders of the company control 2.59% of the total number of shares outstanding in the company.
What you see is exactly what you see as a result of recent adjustments that numerous hedge funds have made to their positions in AZO. This means that what you see is exactly what you see, and what you see is exactly what you see. In addition, everything is exactly as it appears on the website; there have been no changes. For example, Robbins Farley spent nearly a quarter of a million dollars during the third quarter to acquire a new stake in AutoZone as part of a business transaction. During the first three months of the year, Tcwp LLC spent nearly thirty thousand dollars to acquire a new stake in AutoZone. During the first three months of 2018, Kings Point Capital Management spent approximately $31,000 to purchase a new stake in AutoZone. Last but not least, during the third quarter, WD Rutherford LLC spent approximately $32,000 purchasing an additional investment in AutoZone. Institutional investors, such as hedge funds and other institutional investors, own 92.9% of the company’s stock.
AutoZone, Inc is a good example of a company that is both a retailer and a distributor of automotive parts and accessories. The company offers a wide selection of products for automobiles, sport utility vehicles, vans, and light trucks, some of which are brand new while others are remanufactured. These products include automotive hard parts, maintenance supplies, accessories, and non-automotive goods. These items are listed in the catalog that the company provides. In addition, this company offers a wide variety of products and services, including air conditioning compressors, batteries, accessories, bearings, belts, hoses, calipers, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting supplies, mufflers, radiators, starters and alternators, thermostats and water pumps, tire repairs, and water pumps and thermostats.