AZZ (NYSE:AZZ) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of AZZ (NYSE:AZZ) from a hold rating to a sell rating in a research report report published on Tuesday morning, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of AZZ from a buy rating to a hold rating in a research note on Tuesday, November 26th. TheStreet lowered shares of AZZ from a b- rating to a c+ rating in a research note on Tuesday, August 27th.

Shares of NYSE AZZ opened at $44.80 on Tuesday. The firm has a market capitalization of $1.16 billion, a PE ratio of 22.86 and a beta of 1.38. The company has a current ratio of 2.55, a quick ratio of 2.01 and a debt-to-equity ratio of 0.40. AZZ has a 1 year low of $35.81 and a 1 year high of $50.36. The firm’s 50-day moving average is $39.42 and its 200-day moving average is $42.21.

AZZ (NYSE:AZZ) last issued its earnings results on Thursday, December 5th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $236.20 million for the quarter, compared to analyst estimates of $234.90 million. AZZ had a net margin of 6.35% and a return on equity of 9.89%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. As a group, equities research analysts anticipate that AZZ will post 2.79 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in AZZ. Meeder Asset Management Inc. acquired a new stake in shares of AZZ in the 3rd quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of AZZ in the 3rd quarter valued at approximately $65,000. Quantamental Technologies LLC raised its position in shares of AZZ by 39.9% in the 2nd quarter. Quantamental Technologies LLC now owns 1,752 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 500 shares during the period. Bank of Montreal Can raised its position in shares of AZZ by 135.2% in the 2nd quarter. Bank of Montreal Can now owns 3,806 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 2,188 shares during the period. Finally, Menta Capital LLC acquired a new stake in shares of AZZ in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

About AZZ

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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