On 4/25/24, AZZ Inc (NYSE: AZZ) stock suffered a major decline of -11.1%, closing at $73.24. Moreover, exceptionally high trading volume at 403% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AZZ is expected to continue to be a Value Builder.
AZZ has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AZZ has a neutral Appreciation Score of 59 but a very high Power Rating of 97, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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