AZZ Inc (NYSE:AZZ) has been downgraded to Strong Sell in a report by Zacks Investment Research today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded AZZ Inc (NYSE:AZZ) to Strong Sell in a report released on 10/07/2016.
Previously on 4/28/2016, Cantor Fitzgerald reported about AZZ Inc (NYSE:AZZ) raised the target price from $1.25 to $1.40. At the time, this indicated a possible downside of -0.98%.
Yesterday AZZ Inc (NYSE:AZZ) traded -4.27% lower at $55.82. The company’s 50-day moving average is $64.66 and its 200-day moving average is $60.34. The last stock close price is down -7.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 438,372 shares of the stock were exchanged, up from an average trading volume of 154,940
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AZZ Inc has a one year low of $47.04 and a 52 week high of $67.98 with a P/E ratio of 18.61 AZZ’s total market value is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 2 analysts have released a report on AZZ. The one year target is $57.00 with 0 brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, 5 equity analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero analysts rating the stock a sell.
Brief Synopsis On AZZ Inc (NYSE:AZZ)
AZZ Inc. is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications. Its product offerings include custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment and tubular products. Its Galvanizing segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the United States and Canada. It serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical and general industrial markets and various original equipment manufacturers.
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