AZZ ( (AZZ) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AZZ Incorporated’s stock experienced unusual movement due to its Q2 revenue falling short of expectations, coming in at $417.3 million compared to the anticipated $426.15 million. However, the company reported an increase in adjusted EPS and sales from the previous year. Despite the mixed earnings report, B. Riley raised AZZ’s price target, expressing confidence in the company’s strong M&A pipeline and disciplined financial management. AZZ’s strategic focus on customer trends and strengthening its balance sheet has contributed to an optimistic outlook.
More about AZZ
YTD Price Performance: 29.04%
Average Trading Volume: 303,318
Technical Sentiment Signal: Buy
Current Market Cap: $3.21B
For further insights into AZZ stock on TipRanks’ Stock Analysis page.
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