This week azo
9/18/2024 04:27pm
Here is some news about AZO for this week:
1. **Earnings Announcement**: AutoZone is scheduled to announce its quarterly earnings before the market opens on Tuesday, September 24th. Analysts expect the company to report earnings of $53.61 per share for the quarter.
2. **Analyst Ratings and Price Targets**: The stock has a consensus rating of "Moderate Buy" from research firms, with 18 giving a buy rating, 2 holding ratings, and 1 strong buy rating. The average price target is $3,112.71, with individual analysts setting targets ranging from $3,000 to $3,200.
3. **Stock Performance**: AZO's stock traded down $19.31 on Tuesday, reaching $3,081.73. The trading volume was 63,826 shares, compared to its average volume of 139,719. The stock has a 50-day moving average of $3,091.28 and a 200-day moving average of $3,010.86.
4. **Institutional Activity**: Institutional investors have made changes to their holdings of AZO. Federated Hermes Inc. increased its position by 3.5% in the second quarter, and ING Groep NV increased its stake by 2,746.8% in the fourth quarter.
5. **Recent News**: AutoZone has been upgraded to a "buy" rating by StockNews.com, and there have been several price target adjustments by analysts, including an increase from $3,150.00 to $3,225.00 by Guggenheim.
In conclusion, AutoZone (AZO) is set to release its quarterly earnings report, which is expected to show a profit of $53.61 per share. The stock has a "Moderate Buy" consensus rating, with analysts setting price targets ranging from $3,000 to $3,200. Despite a recent decline in stock price, the company's strong earnings and positive analyst sentiment suggest a bullish outlook for the stock.