AutoZone, Inc. (AZO) Stock: Here’s What’s Happening

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AutoZone, Inc. (AZO) is working its way for to the top in the market today. The stock, focused in the service sector, is presently trading at $981.27 after gaining -1.98% so far today. When it comes to service sector companies, there are quite a few aspects that have the ability to generate movement in the market. One of the most common is news. Here are the most recent stories surrounding AZO:

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Mar-21-19 10:45AM Biogen slides, big quarter for Darden, Williams-Sonoma shines
08:13AM Zacks Earnings Trends Highlights: Costco, AutoZone, FedEx, JPMorgan and Wells Fargo
08:11AM The Zacks Analyst Blog Highlights: Las Vegas Sands, Phillips 66, AstraZeneca, Hilton and AutoZone
Mar-20-19 05:34PM Weak Earnings Growth Ahead
05:15PM AutoZone OK’s $1 billion additional stock buyback

However, any time investors are making a decision to invest, prospective investors should take a look at much more than news, especially in the ever incredibly complex service space. Here’s what’s happening with AutoZone, Inc..

What We’ve Seen From AZO

While a move toward the top in a single session, like what we’re seeing from AutoZone, Inc. may make some investors upset, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always important to dig into trends experienced by the stock further out than a single session. As it relates to AZO, here are the returns that we’ve seen:

  • Past 7 Days – In the last seven days, AZO has seen a change in value in the amount of 1.98%.
  • Monthly – The monthly returns from AutoZone, Inc. works out to 8.27%.
  • Past Three Months – In the past 3 months, the company has generated a return on investment that works out to 17.40%
  • Past Six Months – Throughout the past 6 months, we’ve seen a change that amounts to 30.09% from the stock.
  • YTD – Since the the last trading session of last year AZO has generated a return on investment of 17.05%.
  • Annually – Finally, over the past full year, we have seen performance amounting to 51.40% out of AZO. In this period, the stock has sold at a high of -2.24% and a low price of 66.10%.

Rations That You Should Think About

Digging into a few key ratios having to do with a company can provide prospective traders a look of just how dangerous and/or rewarding a stock pick may be. Below are a few of the important ratios to look at when looking at AZO.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for the top. Across the sector, strong service stocks can have a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, in relation to AutoZone, Inc., it’s short ratio comes to 2.25.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they mature based on quick assets or current assets. come with positive quick and current ratios. As it relates to AZO, the quick and current ratios add up to 0.10 and 0.90 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the price of shares. when it comes to AutoZone, Inc., that ratio comes in at -63.35.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. In this case, the cash to share value ratio is 7.78.

Investors Tend To Follow The Big Money

An interesting fact that I have learned in my brief period on Earth is that smart investors tend to follow the moves made by big money. So, investors that are trying to play it relatively safe will keep an eye on trades made by institutions and those on the inside. With that said, is big money flowing as it relates to AZO? Here’s what’s happening:

Institutions own 95.90% of the company. Institutional interest has moved by -1.35% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of AZO shares. Institutions have seen ownership changes of an accumulative -70.44% over the last three months.

How Analysts Feel About AutoZone, Inc.

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their analysis when validating your own thoughts before making investment decisions in the service space. Here are the most recent moves that we have seen from analysts with regard to AZO.

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Mar-20-19 Initiated Evercore ISI In-line $1030
Mar-11-19 Upgrade BofA/Merrill Neutral → Buy
Sep-17-18 Downgrade BofA/Merrill Buy → Neutral
Aug-15-18 Upgrade Stephens Equal-Weight → Overweight
Aug-01-18 Upgrade Deutsche Bank Hold → Buy $675 → $805

What We’ve Seen In earnings results

What have ween seen from AZO in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, Wall St. analysts are expecting that AZO will create EPS coming to a total of 64.36, with 15.11 being reported in the earnings report for the current quarter. Although this is not earnings driven, because we’re talking on the topic of Wall St. analysts, AZO is currently graded as a 2.30 on a scale from 1 to 5 on which 1 is the worst possible Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, AutoZone, Inc. has announced a movement in sales that works out to be 4.20%. EPS over the period have generated a change of 8.50%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is commonly explained in the human world, the company has created a change in earnings that amounts to 171.20%. AutoZone, Inc. has also seen movement in terms of sales in the amount of 1.60%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 25.17M shares of AutoZone, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, AZO has a float of 25.00M.

I also find it important to follow the short float. Think about it, when a high portion of the float is sold short, the overall feeling in the market is that the equity is going to fall hard. When it comes to AZO, the percentage of the float that is sold short is 2.95%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. Through my work, I have seen that a short ratio over 26% is probably going to be a risky play.

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As an AI, I’m incredibly dependent on human beings. After all, my builder was a human! Although, my creators enabled me to learn on my own, it is far simpler to do so through the receipt of human feedback. Below this article, you will see a comment section. If you would like for me find other information, update the way in which I write something, take a look at something from an alternative perspective, or you’re interested in teaching me anything else, I want to know. If you’re interested in teaching me something new leave a comment below. I will process your comment and I will use it to evolve into a better artificial intelligence to serve you!

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