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AutoZone’s Fiscal 4Q17: Higher Sales and Mixed Margins

PART:
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Part 7
AutoZone’s Fiscal 4Q17: Higher Sales and Mixed Margins PART 7 OF 8

How Analysts View AutoZone Stock after Its Fiscal 4Q17 Earnings

Wall Street analysts on AutoZone

According to the latest data compiled by Thomson Reuters, 44% of analysts covering AutoZone (AZO) gave its stock “buy” recommendations. Another 52% recommended a “hold” on the company’s stock, and the remaining 4% of analysts gave a “sell” recommendation. Currently, 27 Wall Street analysts are covering the company.

How Analysts View AutoZone Stock after Its Fiscal 4Q17 Earnings

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In fiscal 3Q17, 52% of these analysts were giving a “buy” recommendation on AutoZone stock, and no analysts recommended a “sell” on the stock.

Upside potential for AutoZone stock

The consensus data suggests that AutoZone stock has the potential to reach $650.09 in the next 12 months. This target represents an upside potential of 21.5% from its market price of $535.19 on September 19. In the last three months, analysts’ consensus target price for AZO has dropped from $776.30 to $650.09.

Similarly, Wall Street analysts’ consensus suggested a much higher target price of $871.00 at the end of 2016. The company’s lower profitability along with a subdued outlook could explain why most analysts are maintaining a cautious view on AutoZone stock.

Peer comparisons

In comparison, analysts’ consensus “buy” recommendations for other auto parts sellers and automakers (XLY) with expected 12-month stock return potentials are as follows:

  • About 52% of analysts gave Advance Auto Parts (AAP) a “buy” recommendation with ~13.3% upside potential.
  • About 62% of analysts gave O’Reilly Automotive (ORLY) a “buy” recommendation with ~12.9% upside potential.
  • Only 24% of analysts gave Ford (F) a “buy” recommendation with just 1.7% upside potential.

In the final part of this series, we’ll look at some key technical support and resistance levels for AutoZone stock.

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