Barclays Maintains an 'Overweight' on AutoZone (AZO); Raising Estimates Again as Fundamentals Remain Strong
Get Alerts AZO Hot Sheet
Price: $2,985.54 +0.42%
Rating Summary:
27 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
27 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Barclays maintains an 'Overweight' on AutoZone (NYSE: AZO) price target of $365.00.
Barclays analyst says, "We are raising our estimates on AZO based on strong fundamentals and continued industry strength: We believe that the company's DIY and commercial businesses are performing robustly, as AutoZone's heightened focus on the commercial customer continues to drive market share. As such, we are raising our fiscal 1Q EPS estimate from $4.38 to $4.45, our fiscal 2012 EPS estimate from $22.25 to $22.60 and our fiscal 2013 EPS estimate from $25.00 to $25.75. We are increasing our fiscal 2012 comp estimate from 3.5% to 4% and our fiscal 2013 comp estimate from 3% to 3.5%."
For more ratings news on AutoZone click here and for the rating history of AutoZone click here.
Shares of AutoZone closed at $317.42 yesterday.
Barclays analyst says, "We are raising our estimates on AZO based on strong fundamentals and continued industry strength: We believe that the company's DIY and commercial businesses are performing robustly, as AutoZone's heightened focus on the commercial customer continues to drive market share. As such, we are raising our fiscal 1Q EPS estimate from $4.38 to $4.45, our fiscal 2012 EPS estimate from $22.25 to $22.60 and our fiscal 2013 EPS estimate from $25.00 to $25.75. We are increasing our fiscal 2012 comp estimate from 3.5% to 4% and our fiscal 2013 comp estimate from 3% to 3.5%."
For more ratings news on AutoZone click here and for the rating history of AutoZone click here.
Shares of AutoZone closed at $317.42 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Westamerica Bancorp (WABC) PT Lowered to $50 at Piper Sandler
- TD Cowen Resumes EQT Corp. (EQT) at Hold
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!