Shares of AZZ Inc (NYSE:AZZ) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus price objective of $48.00 for the company and are expecting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 179 out of 255 based on the ratings given to its competitors.
AZZ has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Stifel Nicolaus restated a “hold” rating and set a $50.00 price target on shares of AZZ in a report on Wednesday, December 19th.
Shares of NYSE AZZ traded up $0.70 during midday trading on Wednesday, reaching $46.13. 157,397 shares of the stock were exchanged, compared to its average volume of 114,356. The company has a market capitalization of $1.20 billion, a P/E ratio of 34.17 and a beta of 1.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.87 and a quick ratio of 1.97. AZZ has a twelve month low of $37.43 and a twelve month high of $56.05.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.68 annualized dividend and a yield of 1.47%. AZZ’s dividend payout ratio (DPR) is presently 50.37%.
AZZ Inc provides galvanizing and metal coating 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 Segment and Metal Coatings.
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