The AZEK (NYSE:AZEK) had its target price upped by analysts at Barclays from $51.00 to $55.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 21.01% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Citigroup raised their price objective on The AZEK from $42.00 to $47.00 in a research note on Friday, February 12th. BMO Capital Markets began coverage on The AZEK in a research note on Wednesday, January 13th. They issued an “outperform” rating and a $48.00 price objective for the company. B. Riley raised their price objective on The AZEK from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Loop Capital started coverage on The AZEK in a research note on Thursday. They issued a “buy” rating and a $52.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on The AZEK from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $42.88.
NYSE AZEK traded up $0.80 during trading on Thursday, hitting $45.45. The stock had a trading volume of 7,467 shares, compared to its average volume of 1,117,823. The AZEK has a 12 month low of $26.35 and a 12 month high of $48.79. The company has a market capitalization of $7.03 billion and a PE ratio of 77.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.38 and a current ratio of 3.42. The company’s 50-day moving average price is $44.19 and its two-hundred day moving average price is $39.40.
The AZEK (NYSE:AZEK) last issued its quarterly earnings data on Wednesday, February 10th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $212.28 million during the quarter, compared to analyst estimates of $211.60 million. As a group, equities analysts anticipate that The AZEK will post 0.77 earnings per share for the current fiscal year.
In related news, CFO Ralph J. Nicoletti sold 15,000 shares of the business’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $44.39, for a total transaction of $665,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of institutional investors have recently bought and sold shares of AZEK. CENTRAL TRUST Co bought a new stake in shares of The AZEK in the 4th quarter valued at about $26,000. Signaturefd LLC bought a new position in shares of The AZEK in the 4th quarter worth approximately $27,000. Nvwm LLC bought a new position in shares of The AZEK in the 3rd quarter worth approximately $36,000. American International Group Inc. raised its position in shares of The AZEK by 74.0% in the 4th quarter. American International Group Inc. now owns 1,058 shares of the company’s stock worth $41,000 after acquiring an additional 450 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of The AZEK by 41.5% in the 3rd quarter. US Bancorp DE now owns 1,245 shares of the company’s stock worth $43,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.
About The AZEK
The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. The operates in two segments, Residential and Commercial. Its products include trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.
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