AUTOZONE, INC.

AZO
Delayed Quote. Delayed  - 01/26 04:10:00 pm
1881.7USD -2.55%

AutoZone, Inc. : No turn-around in sight

01/13/2022 | 02:39am
Jordan Dufee
Senior Analyst

Strategy published on : 01/13/2022 | 02:39

long trade
Stop-loss triggered

Entry price : 2058.04$
Target : 2300$
Stop-loss : 1880$
Potential : 11.76%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the $ 2300.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● The company presents an interesting fundamental situation from a short-term investment perspective.


Strengths

● The group's high margin levels account for strong profits.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● Over the past four months, analysts' average price target has been revised upwards significantly.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The group usually releases upbeat results with huge surprise rates.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Over the past twelve months, analysts' opinions have been revised negatively.

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