The AZEK Company Inc. (NYSE:AZEK) Given Consensus Recommendation of “Moderate Buy” by Brokerages
Shares of The AZEK Company Inc. (NYSE:AZEK – Get Free Report) have received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $35.50.
A number of analysts have recently weighed in on AZEK shares. JPMorgan Chase & Co. increased their price target on AZEK from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $37.00 price target (down from $38.00) on shares of AZEK in a research report on Friday. B. Riley lowered their target price on AZEK from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 29th. BMO Capital Markets raised their target price on AZEK from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Finally, Stephens restated an “overweight” rating and issued a $40.00 target price on shares of AZEK in a research report on Thursday, October 12th.
Check Out Our Latest Stock Analysis on AZEK
Insider Transactions at AZEK
In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $28.49, for a total value of $370,370.00. Following the transaction, the chief executive officer now directly owns 1,226,824 shares in the company, valued at approximately $34,952,215.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On AZEK
A number of hedge funds have recently modified their holdings of AZEK. Morgan Stanley grew its holdings in shares of AZEK by 272.4% in the 4th quarter. Morgan Stanley now owns 3,973,475 shares of the company’s stock worth $80,741,000 after acquiring an additional 2,906,460 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of AZEK by 30.6% during the first quarter. Wellington Management Group LLP now owns 9,227,941 shares of the company’s stock valued at $217,226,000 after buying an additional 2,162,699 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of AZEK by 5,090.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,168,290 shares of the company’s stock valued at $34,745,000 after buying an additional 1,145,780 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of AZEK by 8.2% during the second quarter. Capital Research Global Investors now owns 12,606,728 shares of the company’s stock valued at $381,858,000 after buying an additional 959,457 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of AZEK by 15.6% during the second quarter. BlackRock Inc. now owns 6,899,713 shares of the company’s stock valued at $208,992,000 after buying an additional 929,341 shares in the last quarter.
AZEK Trading Down 0.6 %
NYSE:AZEK opened at $34.68 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $29.36 and its two-hundred day moving average is $29.69. AZEK has a 52 week low of $19.19 and a 52 week high of $35.39. The company has a market cap of $5.18 billion, a PE ratio of 77.07, a P/E/G ratio of 0.97 and a beta of 1.86.
AZEK (NYSE:AZEK – Get Free Report) last released its earnings results on Tuesday, November 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. AZEK had a return on equity of 7.60% and a net margin of 4.96%. The company had revenue of $388.81 million for the quarter, compared to the consensus estimate of $368.68 million. During the same quarter last year, the business posted $0.15 EPS. AZEK’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, analysts predict that AZEK will post 0.96 EPS for the current year.
AZEK Company Profile (Get Free Report
The AZEK Company Inc engages in manufacturing and selling of building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider AZEK, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and AZEK wasn’t on the list.
While AZEK currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.