Business

What Makes Autozone (NYSE:AZO) A Compelling Stock?

Autozone (NYSE:AZO) shares traded 1.65% up during most recent session to reach at the closing price of $590.99. The stock exchanged hands 1.62 Million shares versus average trading capacity of 412.78 Million shares, yielding a market cap of $16.79 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $794.96 within the next 52-weeks. The mean target projections are based on 23 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Autozone (NYSE:AZO) high price target of $900 and with a conservative view have low price target of $650.

Stephens & Co. “Downgrades” Autozone (NYSE:AZO) in a research note issued to investors on 5/24/17 to Equal-Weight with price target of $0.

Additionally on 1/17/17 Guggenheim “Initiates Coverage On” Autozone (NYSE:AZO) to Buy setting price target at $0 and on 12/14/16 Atlantic Equities “Initiates Coverage On” the stock to Neutral at $864. Furthermore on 12/07/16 Deutsche Bank “Maintained” the stock to Hold at $820.

On the other hand the company has Relative Strength Index (RSI 14) of 22.01 along with Average True Range (ATR 14) of 18.35, Consequently Autozone (NYSE:AZO)’s weekly and monthly volatility is 3.15%, 2.21% respectively. The company’s beta value is at 0.59.

In terms of Buy, Sell or Hold recommendations, Autozone (NYSE:AZO) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Autozone (NYSE:AZO)’s minimum EPS for the current quarter is at $15.09 and can go high up to $16.23. The consensus mean EPS for the current quarter is at $15.71 derived from a total of 25 estimates from the analysts who have weighed in on projected earnings. However the company reported $14.3 earnings per share for the same quarter during last year.

Previously Autozone (NYSE:AZO) reported $11.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $12 by $-0.56. The company posted an earnings surprise of -4.7%.

While considering growth estimates of the company, it has next quarter growth estimates of 9.3% whereas during current quarter it has 9.9% estimations over growth, comparing to the estimations of 10.4% during current year and 10% for next year. Past 5 years growth of Autozone (NYSE:AZO) observed at 13.74%, looking forward for the next 5 years it has a strong prediction of 10.43% over growth.

Autozone (NYSE:AZO)’s revenue estimates for the current quarter are $3.53 Billion according to 20 number of analysts, for the current quarter the company has high revenue estimates of $3.58 Billion in contradiction of low revenue estimates of $3.5 Billion. For the current year the company’s revenue estimates are $10.96 Billion compared to low analyst estimates of $10.87 Billion and high estimates of $11.06 Billion according to 27 number of analysts.

Currently Autozone (NYSE:AZO)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 99.7%. However the six-month change in the insider ownership was recorded -31.58%, as well as three-month change in the institutional ownership was recorded -0.59%.

Autozone (NYSE:AZO) 52-week high price stands at $819.54 and low price stands at $579.61, its price distance from 52-week high is -27.89% while its distance from 52-week low price is 1.96%. The stock hit its 52-week high on 07/11/16, and 52-week low on 05/24/17.

Autozone (NYSE:AZO)’s trailing twelve month revenues are $10.75 Billion, whereas its price to sales ratio for the same period is 1.56. Its book value per share for the most recent quarter is $-63.88 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $7.41, however its price to cash per share ratio for the same period is 79.72. The stock has 5 year expected PEG ratio of 1.25 whereas its trailing twelve month P/E ratio is 13.87.

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