Recent significant positive changes in fundamentals have benefitted AZZ Inc (NYSE: AZZ): significant quarterly sales acceleration occurred, the consensus estimate for February, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in AZZ Inc (NYSE: AZZ) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AZZ is expected to continue to be a modest Value Builder.
AZZ has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. AZZ has a slightly positive Appreciation Score of 69 and a very high Power Rating of 97, and the Highest Value Trend Rating results.
Recent Price Action
AZZ Inc (NYSE: AZZ) stock declined slightly by -0.9% on 1/24/24. The stock closed at $60.10. However, this decline was accompanied by below average trading volume at 67% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.2% during the last week.
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