Jim Cramer Picks 3 Buys And 2 Holds 09/27/11

 

 Jim Cramer Picks 3 Buys And 2 HoldsThis article will examine five stocks that CNBC stock analyst Jim Cramer has recently commented on. Here is my analysis:

AutoZone Inc. (AZO) has a market cap of $13.37 billion with a price-to-earnings ratio of 17.73. The stock has been trading in a range between $224.00 and $333.99. The current stock price is around $322. On September 20th, the company announced fourth quarter earnings for the period ending on August 31st. Revenues were $2.64 billion compared to revenues of $2.45 billion in the fourth quarter of 2010. Fourth quarter net income was $301 million compared to net income of $269 million in the fourth quarter of 2010.

One of AutoZone’s competitors is O’Reilly Automotive Inc. (ORLY), which is currently trading around $69 with a market cap of $9.4 billion and a price-to-earnings ratio of 21.49.

AutoZone has been doing a good job of increasing earnings. For the 2011 fiscal year, the company increased revenues by 9.5% and net income by 14.9% over 2010. The company has increased its net income in each of the last five years. Investors Like what they see in AutoZone and the stock price is up by 42.51% over the last 52 weeks and 149.8% over the last three years. As of September 19th, Jim Cramer does not hold any shares of AutoZone in his charitable portfolio. Jim Cramer referred to AZO and ORLY, and said the auto parts group is hot. It seems that AutoZone will remain hot. In its September 20th earnings call, the company reported earnings per share of $7.18, which beat projected earnings per share by $0.22. To continue reading, click here.


You can leave a response, or trackback from your own site.

Leave a Reply

close comment popup

Leave A Reply