Zacks: Brokerages Set $47.00 Target Price for AZZ Inc (AZZ)
Shares of AZZ Inc (NYSE:AZZ) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus target price of $47.00 for the company and are anticipating that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 187 out of 255 based on the ratings given to related companies.
Several research firms have recently weighed in on AZZ. Stifel Nicolaus reduced their price objective on shares of AZZ from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Friday, May 18th. ValuEngine upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st.
Shares of AZZ stock traded up $0.80 during trading hours on Monday, reaching $45.85. The stock had a trading volume of 3,878 shares, compared to its average volume of 148,394. AZZ has a twelve month low of $39.50 and a twelve month high of $57.65. The stock has a market cap of $1.17 billion, a PE ratio of 33.37 and a beta of 1.26.
AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, May 15th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.24). The company had revenue of $200.66 million during the quarter, compared to the consensus estimate of $205.20 million. AZZ had a net margin of 5.56% and a return on equity of 4.63%. analysts expect that AZZ will post 2.31 earnings per share for the current fiscal year.
AZZ Company Profile
AZZ Inc provides galvanizing services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Galvanizing Services. The Energy segment provides specialized products and services designed to support industrial, nuclear, and electrical applications.
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