Time To “Neutral” Autozone Inc (NYSE:AZO), Moffett Nathanson Confirms

December 5, 2017 - By Marguerite Chambers

 Time To

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.02, from 0.87 in 2017Q1. It worsened, as 81 investors sold AutoZone, Inc. shares while 174 reduced holdings. 70 funds opened positions while 147 raised stakes. 26.61 million shares or 3.74% less from 27.65 million shares in 2017Q1 were reported.

Riggs Asset Managment has invested 0.04% in AutoZone, Inc. (NYSE:AZO). Gsa Capital Partners Llp reported 0.18% stake. Moreover, Panagora Asset Mgmt Incorporated has 0.01% invested in AutoZone, Inc. (NYSE:AZO) for 2,793 shares. Raymond James Associate reported 0.01% in AutoZone, Inc. (NYSE:AZO). State Of Wisconsin Inv Board reported 24,945 shares or 0.05% of all its holdings. Ww Asset holds 0.05% in AutoZone, Inc. (NYSE:AZO) or 2,719 shares. Thrivent Fin For Lutherans accumulated 0% or 1,165 shares. Burgundy Asset Management Ltd reported 3.19% of its portfolio in AutoZone, Inc. (NYSE:AZO). Investec Asset owns 10,889 shares or 0.03% of their US portfolio. Apg Asset Nv accumulated 0.11% or 108,884 shares. Omers Administration reported 169,445 shares. Marco Investment Management Limited Liability Co holds 0.18% or 1,865 shares in its portfolio. Hennessy accumulated 0.05% or 2,600 shares. Marshfield Associate has invested 3.19% of its portfolio in AutoZone, Inc. (NYSE:AZO). Royal Bancorporation Of Canada invested in 0% or 7,343 shares.

How Moffett Nathanson Currently Rates Autozone Inc (NYSE:AZO)

Moffett Nathanson issued “Neutral” rating on Autozone Inc (NYSE:AZO). The firm has initiated coverage on shares of AZO in a research report released on 4 December.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.02, from 0.87 in 2017Q1. It worsened, as 81 investors sold AutoZone, Inc. shares while 174 reduced holdings. 70 funds opened positions while 147 raised stakes. 26.61 million shares or 3.74% less from 27.65 million shares in 2017Q1 were reported.

Riggs Asset Managment has invested 0.04% in AutoZone, Inc. (NYSE:AZO). Gsa Capital Partners Llp reported 0.18% stake. Moreover, Panagora Asset Mgmt Incorporated has 0.01% invested in AutoZone, Inc. (NYSE:AZO) for 2,793 shares. Raymond James Associate reported 0.01% in AutoZone, Inc. (NYSE:AZO). State Of Wisconsin Inv Board reported 24,945 shares or 0.05% of all its holdings. Ww Asset holds 0.05% in AutoZone, Inc. (NYSE:AZO) or 2,719 shares. Thrivent Fin For Lutherans accumulated 0% or 1,165 shares. Burgundy Asset Management Ltd reported 3.19% of its portfolio in AutoZone, Inc. (NYSE:AZO). Investec Asset owns 10,889 shares or 0.03% of their US portfolio. Apg Asset Nv accumulated 0.11% or 108,884 shares. Omers Administration reported 169,445 shares. Marco Investment Management Limited Liability Co holds 0.18% or 1,865 shares in its portfolio. Hennessy accumulated 0.05% or 2,600 shares. Marshfield Associate has invested 3.19% of its portfolio in AutoZone, Inc. (NYSE:AZO). Royal Bancorporation Of Canada invested in 0% or 7,343 shares.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 23 analysts covering Autozone Inc. (NYSE:AZO), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Autozone Inc. has $900 highest and $571.0 lowest target. $699.38’s average target is -3.97% below currents $728.26 stock price. Autozone Inc. had 62 analyst reports since August 24, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Hold” rating and $770 target in Wednesday, December 9 report. The company was maintained on Thursday, July 20 by Oppenheimer. Wedbush downgraded AutoZone, Inc. (NYSE:AZO) on Tuesday, May 30 to “Neutral” rating. The firm has “Buy” rating by UBS given on Wednesday, November 29. The rating was initiated by Guggenheim with “Buy” on Wednesday, January 18. The firm has “Buy” rating by Credit Suisse given on Wednesday, November 1. The firm earned “Outperform” rating on Friday, February 12 by Oppenheimer. The firm earned “Mkt Perform” rating on Tuesday, May 23 by Raymond James. The stock of AutoZone, Inc. (NYSE:AZO) earned “Hold” rating by Jefferies on Monday, June 26. Credit Suisse maintained it with “Outperform” rating and $814 target in Friday, October 21 report.

The stock increased 2.61% or $18.49 during the last trading session, reaching $728.26. About 387,697 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since December 5, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company has market cap of $20.02 billion. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. It has a 16.53 P/E ratio. The firm also provides A/C compressors, batteries and accessories, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.

More notable recent AutoZone, Inc. (NYSE:AZO) news were published by: Livetradingnews.com which released: “AutoZone (NYSE:AZO) Technicals Bearish Divergence” on December 05, 2017, also Globenewswire.com with their article: “AutoZone 1st Quarter Same Store Sales Increase 2.3%; EPS Increases 6.8% to $10.00” published on December 05, 2017, Nasdaq.com published: “AutoZone Inc. Reveals 1% Advance In Q1 Profit” on December 05, 2017. More interesting news about AutoZone, Inc. (NYSE:AZO) were released by: Globenewswire.com and their article: “AutoZone to Release First Quarter Earnings December 5, 2017” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “AutoZone’s Negative Book Value” with publication date: November 08, 2017.

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