B. Riley Increases AZZ (NYSE:AZZ) Price Target to $85.00

AZZ (NYSE:AZZ) had its price target upped by analysts at B. Riley from $67.00 to $85.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. B. Riley’s price objective suggests a potential upside of 3.12% from the stock’s current price. B. Riley also issued estimates for AZZ’s Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.05 EPS, FY2025 earnings at $5.02 EPS, Q1 2026 earnings at $1.59 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.63 EPS, Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $6.12 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research report on Friday, March 22nd.

AZZ Trading Down 0.6 %

Shares of AZZ stock opened at $82.43 on Tuesday. The firm has a 50-day moving average of $75.28 and a 200-day moving average of $61.35. The stock has a market cap of $2.07 billion, a PE ratio of 24.03, a PEG ratio of 1.16 and a beta of 1.28. AZZ has a 52-week low of $34.59 and a 52-week high of $84.52. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.89.

AZZ (NYSE:AZZ) last announced its earnings results on Monday, April 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23. The company had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. AZZ’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, sell-side analysts forecast that AZZ will post 4.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. acquired a new position in AZZ during the first quarter worth about $32,000. Covestor Ltd raised its stake in AZZ by 131.5% during the third quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 513 shares in the last quarter. Strs Ohio acquired a new position in AZZ during the fourth quarter worth about $197,000. Victory Capital Management Inc. acquired a new position in AZZ during the third quarter worth about $203,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in AZZ during the first quarter worth about $215,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.