Stock To Watch: AutoZone, Inc. (NYSE:AZO)


The leading market experts have placed a mean price target of $856.700 on AutoZone, Inc. (NYSE:AZO) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $9.270 a share for the upcoming quarter and $40.780 for the current fiscal. Technical View The technical analysis of AutoZone, Inc. Common Stock plainly substantiates that the 50-day moving average of AutoZone, Inc. Common Stock is $765.099, and stock is hovering 33.946 or +4.437% distant from $765.099. It is noted that the 200-day MA is $763.323, and AutoZone, Inc. Common Stock stock is $35.722 or +4.680% off from this point. AutoZone, Inc. (NYSE:AZO) 52-week high is $810.750 and the 52-week low is $667.000. This explains if the stock moves $-11.705, it will post a 52-week high. In event of $+19.797% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of AutoZone, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, AutoZone, Inc. (NYSE:AZO) ratio came in at 20.301. The stock last ended the trading session at $799.045 and registered a market cap of $23.36B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. AutoZone, Inc. (NYSE:AZO) PEG ratio is at 1.670.

1 Chart Pattern Every Investor Should Know

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