Roth Mkm Begins Coverage on AZZ (NYSE:AZZ)

Analysts at Roth Mkm began coverage on shares of AZZ (NYSE:AZZ) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $108.00 price target on the industrial products company’s stock. Roth Mkm’s price objective suggests a potential upside of 11.18% from the stock’s current price.

Separately, Jefferies Financial Group raised their target price on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

AZZ Stock Up 1.7 %

AZZ stock opened at $97.14 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 65.64, a PEG ratio of 1.33 and a beta of 1.30. AZZ has a fifty-two week low of $67.32 and a fifty-two week high of $98.13. The stock has a fifty day moving average of $87.62 and a 200-day moving average of $83.19.

AZZ (NYSE:AZZ) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The business had revenue of $403.65 million during the quarter, compared to the consensus estimate of $394.30 million. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that AZZ will post 5.13 earnings per share for the current year.

Institutional Trading of AZZ

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of AZZ by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 126 shares in the last quarter. US Bancorp DE raised its holdings in shares of AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 130 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of AZZ by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the industrial products company’s stock valued at $300,000 after buying an additional 143 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of AZZ by 0.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 154 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of AZZ by 51.2% during the 3rd quarter. CWM LLC now owns 694 shares of the industrial products company’s stock valued at $57,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.