AZZ Inc. (NYSE:AZZ) Given Consensus Rating of “Moderate Buy” by Brokerages

AZZ Inc. (NYSE:AZZ) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $96.80.

Separately, Jefferies Financial Group upped their target price on shares of AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 6th.

AZZ Trading Down 0.1 %

NYSE:AZZ opened at $85.14 on Tuesday. The company has a market capitalization of $2.54 billion, a PE ratio of 66.52, a P/E/G ratio of 1.33 and a beta of 1.30. AZZ has a 52-week low of $55.78 and a 52-week high of $97.98. The stock’s 50 day moving average price is $86.87 and its 200 day moving average price is $81.79. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The business had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same period last year, the firm posted $1.27 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that AZZ will post 5.08 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AZZ. Farther Finance Advisors LLC increased its position in AZZ by 3,790.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 379 shares during the period. Point72 DIFC Ltd acquired a new position in AZZ during the second quarter worth $52,000. CWM LLC raised its position in AZZ by 51.2% in the third quarter. CWM LLC now owns 694 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 235 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZZ in the second quarter valued at $67,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in AZZ in the second quarter valued at $100,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.