Favorable Media Coverage Somewhat Unlikely to Affect AutoZone (AZO) Stock Price

Media stories about AutoZone (NYSE:AZO) have trended positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AutoZone earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4537893689898 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

A number of analysts recently weighed in on the company. Oppenheimer Holdings, Inc. decreased their price objective on AutoZone and set an “outperform” rating for the company in a report on Thursday, July 20th. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a report on Wednesday, May 24th. Deutsche Bank AG cut their price target on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating on the stock in a research report on Thursday, May 25th. Citigroup Inc. cut their price target on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Finally, Morgan Stanley cut shares of AutoZone from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $776.64.

AutoZone (NYSE AZO) traded up 1.12% during trading on Friday, hitting $569.89. 686,817 shares of the company’s stock were exchanged. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70. The firm has a 50 day moving average price of $532.34 and a 200 day moving average price of $617.15. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 13.16 and a beta of 0.62.

In related news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Andrew Mckenna purchased 300 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

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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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