Moffett Nathanson Reports Initiation of AutoZone (NYSE:AZO)

AutoZone beats Street 1Q forecasts

AutoZone, Inc. (NASDAQ:AZO) To Report Earnings

The company has market cap of $20.02 billion. The firm operates through two divisions, Foundry Services Group, and Standard Products Group.

Marathon Asset Management Llp increased Baxter International Inc (NYSE:BAX) stake by 180,506 shares to 1.00M valued at $60.95M in 2017Q2. (NYSE:AZO) by 1,989.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Rogers Communications Inc (NYSE:RCI) was raised too. Its down 1.21% from 544,300 shares previously. RBC Capital Markets maintained AutoZone, Inc. Target Corporation (NYSE:TGT) has declined 16.51% since December 5, 2016 and is downtrending. Earnings, adjusted for pretax gains, came to $9.96 per share.

During its fiscal first quarter of 2018, AutoZone, Inc. reported earnings per share of $9.96.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.02, from 0.87 in 2017Q1. 70 funds opened positions while 147 raised stakes. Teachers Retirement Sys Of The State Of Kentucky holds 0% or 5,800 shares. Ivory Investment Mgmt Lc stated it has 32,428 shares. Following the completion of the transaction, the director now directly owns 8,131 shares of the company's stock, valued at approximately $4,756,309.76. Alpha Windward Ltd Liability reported 259 shares. Mawer Invest Ltd invested in 115,458 shares or 0.61% of the stock. Suntrust Banks has 745 shares. Moreover, Cypress Asset Tx has 0.13% invested in AutoZone, Inc. Oregon Public Employees Retirement Fund holds 0.03% of its portfolio in AutoZone, Inc.

Several equities analysts have issued reports on AZO shares. 400 are held by Edgemoor Inv Advisors.

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. It dropped, as 81 investors sold AZO shares while 174 reduced holdings. Envestnet Asset Mngmt Inc reported 0.03% stake. Pensionfund Dsm Netherlands holds 0.39% or 4,400 shares. State Of Tennessee Treasury Department has invested 0.03% of its portfolio in AutoZone, Inc. FMR LLC now owns 1,864,473 shares of the company's stock valued at $1,063,608,000 after buying an additional 117,019 shares during the period.

At the moment 27 analysts are watching AutoZone, Inc. Zacks Investment Research lowered AutoZone from a "hold" rating to a "sell" rating in a research report on Wednesday, November 1st. Therefore 55% are positive. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. The rating was maintained by Bank of America on Sunday, August 30 with "Buy". As per Tuesday, June 20, the company rating was maintained by Oppenheimer. Cowen & Co maintained Target Corporation (NYSE:TGT) rating on Thursday, July 13. The rating was initiated by Atlantic Securities on Wednesday, December 14 with "Neutral". AutoZone, Inc. (AZO) has made its way to a 12-month decline of -9.44%. (NYSE:AZO) rating on Wednesday, March 2. The company was maintained on Friday, October 21 by Credit Suisse. (NYSE:AZO) traded down 1.46% during mid-day trading on Wednesday, hitting $604.00. As per Wednesday, December 7, the company rating was upgraded by JP Morgan. The stock of AutoZone, Inc. Citigroup Inc downgraded AutoZone from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, May 23rd. (NYSE:AZO). 11,757 are held by Bridgewater Assocs Lp.

Ratings analysis reveals 100% of MagnaChip Semi's analysts are positive. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company was upgraded on Thursday, May 25 by ValuEngine.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on February, 8. MX's profit will be $8.19M for 11.98 P/E if the $0.24 EPS becomes a reality.

In terms of earnings per share, 23 analysts have a 15.12 EPS mean target for the quarter ending Aug-17, for the quarter ending Nov-18, 11 analysts have a 10.61 EPS mean target and for the quarter ending Nov-18 there are 27 estimates of 43.92 EPS. The stock decreased 1.88% or $1 during the last trading session, reaching $52.2. MagnaChip Semiconductor Corporation (MX) has risen 76.77% since December 4, 2016 and is uptrending. It has outperformed by 24.14% the S&P500.

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