AZZ Inc (NYSE: AZZ) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted AZZ Inc (NYSE: AZZ): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. 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 exceed the cost of capital, AZZ is expected to continue to be a Value Builder.
AZZ has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AZZ has a slightly negative Appreciation Score of 32 but a very high Power Rating of 91, triggering the Positive Value Trend Rating.
Recent Price Action
AZZ Inc (NYSE: AZZ) stock rose slightly by 0.08% on 6/28/24. The stock closed at $77.25. Moreover, exceptionally high trading volume at 340% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.3% during the last week.
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