A strong break-out to the upside has recently been seen in AutoZone, Inc.. The current technical chart pattern could allow for a continuation of the upward dynamic. Investors have an opportunity to buy the stock and target the $ 1935.32.
The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
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.
Historically, the company has been releasing figures that are above expectations.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Subsector Automotive Parts & Accessories Retailers
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