A share price of AZZ Inc [AZZ] is currently trading at $95.41, up 8.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The AZZ shares have gain 13.81% over the last week, with a monthly amount glided 25.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Robert W. Baird started tracking the stock with Neutral rating on July 23, 2024, and set its price target to $90. On June 14, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $90 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $105 on May 20, 2024. Noble Capital Markets downgraded its rating to a Market Perform but $75 remained the price target by the analyst firm on March 22, 2024. B. Riley Securities started tracking with a Buy rating for this stock on August 30, 2023, and assigned it a price target of $64. In a note dated August 21, 2023, Noble Capital Markets initiated an Outperform rating and provided a target price of $60 on this stock.
AZZ Inc experienced fluctuations in its stock price throughout the past year between $48.03 and $88.67. Currently, Wall Street analysts expect the stock to reach $87.17 within the next 12 months. AZZ Inc [NYSE: AZZ] shares were valued at $95.41 at the most recent close of the market. An investor can expect a potential drop of -8.64% based on the average AZZ price forecast.
Analyzing the AZZ fundamentals
Trailing Twelve Months sales for AZZ Inc [NYSE:AZZ] were 1.57B which represents 2.63% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.92.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.49 points at the first support level, and at 85.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.00, and for the 2nd resistance point, it is at 100.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AZZ Inc [NYSE:AZZ] is 1.85. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 111.42.
Transactions by insiders
Recent insider trading involved Stovall Bryan Lee, COO – Metal Coatings, that happened on Jul 18 ’24 when 14545.0 shares were sold. Chief Legal Officer, Mackey Tara D completed a deal on Jul 16 ’24 to sell 9434.0 shares. Meanwhile, Chief Legal Officer Mackey Tara D sold 331.0 shares on Jul 15 ’24.
