Key Highlights:
- AZZ Inc. recommences its $100 million stock buyback program, reinforcing its commitment to shareholder value.
- Wall Street analysts project an average price target of $102.63, suggesting substantial upside potential.
- GuruFocus estimates point towards a potential downside in the stock's fair value.
AZZ Inc. (AZZ, Financial) has resumed its strategic stock buyback initiative, contributing to its overarching $100 million repurchase plan. To date, the company has executed buybacks amounting to approximately $46.8 million, leaving an estimated $53.2 million available for future repurchases. This proactive measure underscores AZZ's unwavering dedication to maximizing shareholder value, even amid challenging sales dynamics.
Wall Street Analysts' Projections
According to price targets from eight analysts, the average projection for AZZ Inc. (AZZ, Financial) stands at $102.63, with predictions ranging as high as $112.00 and as low as $90.00. Currently priced at $85.21, these estimates indicate a potential upside of 20.44%. Investors can explore these insights further on the AZZ Inc. (AZZ) Forecast page.
The consensus among ten brokerage firms places AZZ Inc.'s (AZZ, Financial) average recommendation at 2.0, translating to an "Outperform" rating. This rating is derived from a scale spanning 1 to 5, where 1 denotes a Strong Buy and 5 signals a Sell.
Evaluating GuruFocus Metrics
In contrast, GuruFocus estimates suggest the GF Value of AZZ Inc. (AZZ, Financial) in one year's time is positioned at $75.93. This projection reflects a potential downside of 10.89% from the current market price of $85.21. The GF Value represents GuruFocus' determination of what the stock's fair trading value should be, calculated from historical trading multiples, past business growth, and anticipated future performance. For a comprehensive overview, visit the AZZ Inc. (AZZ) Summary page.
