Nomura Securities Reiterates a 'Buy' on AutoZone (AZO); Tweaking Estimates After Q3 Results
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Price: $415.81 -0.74%
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AZO Now!
Nomura Securities reiterates a 'Buy' on AutoZone (NYSE: AZO) price target of $445.00.
Analyst, Aram Rubinson, said, "AZO reported FQ3 results of $6.28, ahead of the Street at $6.25, but shy of our projection of $6.36. While FQ3 results could have been better, we continue to believe that AZO is a great ‘vehicle’ - even at slower speeds. Our F12E/F13E EPS move from $23.82/$29.20 to $23.72/$28.84. Our comp estimate for Q4/2012 (August) is unchanged at +5%."
For an analyst ratings summary and ratings history on AutoZone click here. For more ratings news on AutoZone click here.
Shares of AutoZone closed at $361.14 yesterday, with a 52 week range of $266.25-$399.10.
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Analyst, Aram Rubinson, said, "AZO reported FQ3 results of $6.28, ahead of the Street at $6.25, but shy of our projection of $6.36. While FQ3 results could have been better, we continue to believe that AZO is a great ‘vehicle’ - even at slower speeds. Our F12E/F13E EPS move from $23.82/$29.20 to $23.72/$28.84. Our comp estimate for Q4/2012 (August) is unchanged at +5%."
For an analyst ratings summary and ratings history on AutoZone click here. For more ratings news on AutoZone click here.
Shares of AutoZone closed at $361.14 yesterday, with a 52 week range of $266.25-$399.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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