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See what the IHS Markit Score report has to say about Autozone Inc.

IHS Markit

Autozone Inc

NYSE:AZO

Score: Negative (18)

39 days at current score.

Downgraded from Neutral on August 1st 2017

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Summary


  • Perception of the company's creditworthiness is negative
  • Bearish sentiment is moderate
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Neutral

Short interest is moderate for AZO with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold AZO had net inflows of $5.88 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. AZO credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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