Nomura Securities Reiterates a 'Buy' on AutoZone (AZO); Tweaking Estimates After Q3 Results
Get Alerts AZO Hot Sheet
Price: $3,151.65 -1.29%
Rating Summary:
27 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
27 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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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.
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.
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