Autozone Inc. (AZO) Stock Forecast & Predictions

Autozone Inc. AZO: $1691.33

123 S Front St, Memphis, Tennessee, US. | Sector: Retail Trade | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.autozone.com

  • Market Cap$36.51B
  • Change (52 Weeks)49.32%
  • Low (52 Weeks)$1085.85
  • Autozone Inc. (AZO) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Autozone Inc. (AZO) stock price is $1691.33 and the 52 weeks low is $1085.85, which means the Autozone Inc. stock price is up 49.32% in the last 12 months.

    Autozone Inc. (AZO) Stock Price has been Trending Strongly with an ADX reading of 32.22 as per the Weekly Chart.

    A Upward trend indicates that Autozone Inc. (AZO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that AZO Stock price might rise further, 18.75% indicating that AZO Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall AZO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Autozone Inc. (AZO) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Autozone Inc. (AZO) is based on 29 Institutional Analyst Ratings where 37.93% are on Strong Buy, 24.14% on Moderate Buy, 34.48% remains on Hold, 0.00% are on Moderate Sell and 3.45% are on Strong Sell.

    Out of 29 Institutional Analysts, majority recommended AZO stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Autozone Inc..

    Autozone Inc. (AZO) Stock Price Prediction By Analysts


    HighLowAverage
    $1963.50$1403.90$1705.95
    $1705.950.86% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for AZO set by the institutional analysts is $1705.95 where High Estimate is $1963.50, Median $1688.1000000000001 and Low $1403.90.

    The average price target for AZO by Institutional Analysts is $1705.95, which is 0.86% Upside from the current price. So according to the Institutional Analysts, AZO Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Autozone Inc. (AZO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    WedbushOutperformMaintained
    Stephens & Co.OverweightMaintained
    Raymond JamesOutperformMaintained
    OppenheimerOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyMaintained
    Wells FargoOverweightMaintained
    DA DavidsonNeutralDowngraded
    Morgan StanleyEqual-WeightDowngraded
    Raymond JamesOutperformDowngraded
    Argus ResearchHoldDowngraded
    CitigroupBuyMaintained
    RBC CapitalSector PerformMaintained
    JP MorganOverweightMaintained
    Wells FargoOverweightMaintained
    Goldman SachsNeutralMaintained
    Raymond JamesStrong BuyMaintained
    B of A SecuritiesUnderperformDowngraded
    JP MorganOverweightMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    Wells FargoOverweightMaintained
    CitigroupBuyInitiated
    JefferiesBuyUpgraded
    Raymond JamesStrong BuyUpgraded
    RBC CapitalSector PerformMaintained
    Raymond JamesOutperformMaintained
    B of A SecuritiesNeutralMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    Atlantic EquitiesOverweightUpgraded
    DA DavidsonBuyInitiated
    UBSBuyMaintained
    RBC CapitalSector PerformMaintained
    Raymond JamesOutperformMaintained
    Nomura InstinetBuyMaintained
    JP MorganOverweightMaintained
    CFRAStrong BuyReiterated
    UBSBuyMaintained
    UBSBuyMaintained
    Nomura InstinetBuyMaintained
    Wells FargoOverweightMaintained
    B of A SecuritiesNeutralMaintained
    NomuraBuyMaintained
    Wells FargoOverweightMaintained
    B of A SecuritiesNeutralDowngraded
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    NomuraBuyMaintained
    WedbushNeutralMaintained
    RBC CapitalSector PerformMaintained
    NomuraBuyMaintained
    JP MorganOverweightMaintained
    CFRAStrong BuyUpgraded
    UBSBuyMaintained
    WedbushNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Wolfe ResearchPeer PerformUpgraded
    WedbushOutperformMaintained
    UBSBuyMaintained
    Raymond JamesOutperformMaintained
    OppenheimerOutperformMaintained
    NomuraBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Wells FargoOutperformMaintained
    NomuraBuyInitiated
    CitigroupBuyMaintained
    RBC CapitalSector PerformMaintained
    Morgan StanleyEqual-WeightMaintained
    WedbushOutperformMaintained
    Wells FargoOutperformMaintained
    CitiBuyMaintained
    Goldman SachsNeutralInitiated
    OppenheimerOutperformUpgraded
    WedbushOutperformMaintained
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Evercore ISI GroupIn-LineInitiated
    Wells FargoOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    OppenheimerPerformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    ArgusBuyMaintained
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    Bank of AmericaNeutralDowngraded
    Credit SuisseOutperformMaintained
    Stephens & Co.OverweightUpgraded
    Deutsche BankBuyUpgraded
    WedbushOutperformMaintained
    WedbushOutperformMaintained
    Wells FargoOutperformMaintained
    WedbushOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    ArgusBuyMaintained
    Wells FargoOutperformInitiated
    WedbushOutperformUpgraded
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    ArgusBuyMaintained
    GuggenheimNeutralDowngraded
    Moffett NathansonNeutralInitiated
    UBSBuyMaintained
    Bank of AmericaNeutralDowngraded
    Morgan StanleyEqual-WeightDowngraded
    WedbushNeutralDowngraded
    Goldman SachsBuyUpgraded
    Stephens & Co.Equal-WeightDowngraded
    GuggenheimBuyInitiated
    Atlantic EquitiesNeutralInitiated
    JP MorganOverweightUpgraded
    Deutsche BankHoldMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyOverweightUpgraded
    Goldman SachsNeutralMaintained
    UBSBuyUpgraded
    SusquehannaNeutralInitiated
    BTIG ResearchBuyInitiated
    Gabelli & Co.BuyInitiated
    BarclaysOverweightInitiated
    OppenheimerOutperformMaintained
    JP MorganNeutralMaintained
    Credit SuisseOutperformMaintained
    WedbushOutperformUpgraded
    OppenheimerOutperformMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    OppenheimerOutperformUpgraded
    JefferiesHoldInitiated
    Bank of AmericaBuyUpgraded
    JP MorganNeutralMaintained
    Gabelli & Co.HoldDowngraded
    Deutsche BankHoldMaintained
    BarclaysOverweightMaintained
    Argus ResearchBuyUpgraded
    ArgusBuyUpgraded
    CitigroupBuyMaintained
    Sterne AgeeNeutralUpgraded
    JP MorganNeutralMaintained
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    UBSNeutralMaintained
    NomuraBuyMaintained
    Credit SuisseOutperformMaintained
    Sterne AgeeUnderperformInitiated
    William BlairMarket PerformInitiated
    Argus CapitalHoldDowngraded
    NomuraBuyMaintained
    JP MorganNeutralMaintained
    JP MorganNeutralDowngraded
    Stifel NicolausHoldDowngraded
    Morgan StanleyEqual-WeightInitiated
    StifelBuyUpgraded
    Gabelli & Co.BuyUpgraded
    BairdNeutralDowngraded
    NomuraBuyMaintained
    JP MorganOverweightMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    Bank of AmericaNeutralMaintained
    Wolfe ResearchPeer PerformDowngraded
    Raymond JamesStrong BuyMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Bank of AmericaNeutralDowngraded
    Goldman SachsNeutralDowngraded
    WedbushNeutralInitiated
    Stifel NicolausBuyMaintained
    BarclaysOverweightMaintained
    Deutsche BankHoldDowngraded
    Goldman SachsBuyMaintained
    StifelBuyUpgraded
    Morgan StanleyUnderperformDowngraded
    OppenheimerPerformDowngraded
    Goldman SachsBuyMaintained
    Goldman SachsBuyMaintained
    Deutsche BankBuyMaintained
    Goldman SachsBuyMaintained
    Deutsche BankBuyUpgraded
    JP MorganOverweightMaintained
    Credit SuisseOutperformUpgraded
    JP MorganOverweightUpgraded
    Goldman SachsBuyUpgraded
    UBSNeutralMaintained
    CitigroupBuyMaintained

    Autozone Inc. (AZO) Stock Earning Per Share (EPS) Forecast / Estimate


    $20.163
    The average consensus EPS for AZO is $20.163 with a high estimate of $22.596 and Low of $18.306 for the period 2021-12-31 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $35.72$30.17279052021-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$20.16310472022-03-31
    $35.72$30.17279052021-12-31
    $26.48$20.34406642021-09-30
    $14.93$12.96521852021-06-30
    $18.61$18.0260052999999982021-03-31
    $30.93$25.2587062000000022020-12-31
    $14.39$13.9377979999999992020-09-30
    $12.39$11.8649750000000012020-06-30
    $14.3$13.88176322020-03-31
    $22.59$22.0166364999999972019-12-31
    $15.99$15.29317762019-09-30
    $11.49$10.06055952019-06-30
    $13.04$12.3348272019-03-31
    $18.54$18.09934142018-12-31
    $13.42$13.0733491000000012018-09-30
    $8.47$9.0213200000000012018-06-30
    $10$9.90949382018-03-31
    $15.27$15.26430172017-12-31
    $11.44$12.11733362017-09-30
    $8.08$8.2767378999999992017-06-30
    $9.36$9.39942362017-03-31
    $14.3$14.3918132000000012016-12-31
    $10.77$11.0335328999999992016-09-30
    $7.43$7.35664812016-06-30
    $8.29$8.3248038000000022016-03-31
    $12.75$12.81608192015-12-31
    $9.57$9.61135192015-09-30
    $6.51$6.44160832015-06-30
    $7.27$7.23599352015-03-31
    $11.28$11.3708122999999992014-12-31
    $8.46$8.53214672014-09-30
    $5.63$5.60726752014-06-30
    $6.29$6.3424972014-03-31
    $10.42$10.44690472013-12-31
    $7.27$7.284122013-09-30
    $4.78$4.8030552013-06-30
    $5.41$5.4433952013-03-31
    $8.46$8.4875352012-12-31
    $6.28$6.31675209999999952012-09-30
    $4.15$4.0808646000000012012-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).