The AZEK Company Inc. (NYSE:AZEK – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.33.
A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Citigroup increased their price objective on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Robert W. Baird cut their target price on AZEK from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Truist Financial reaffirmed a “buy” rating and set a $57.00 price target on shares of AZEK in a research note on Tuesday, June 18th. Finally, Benchmark initiated coverage on shares of AZEK in a research report on Friday, April 19th. They issued a “buy” rating and a $55.00 price objective on the stock.
Check Out Our Latest Stock Report on AZEK
Insider Buying and Selling at AZEK
Hedge Funds Weigh In On AZEK
A number of large investors have recently made changes to their positions in AZEK. Quadrant Capital Group LLC grew its holdings in AZEK by 45.9% in the 4th quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after buying an additional 229 shares in the last quarter. ORG Partners LLC acquired a new position in shares of AZEK in the first quarter valued at about $35,000. Venturi Wealth Management LLC increased its position in AZEK by 58.9% during the first quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after acquiring an additional 262 shares during the period. Whittier Trust Co. acquired a new stake in AZEK in the 1st quarter worth about $37,000. Finally, Principal Securities Inc. bought a new stake in AZEK in the 4th quarter valued at about $44,000. Institutional investors own 97.44% of the company’s stock.
AZEK Stock Up 1.2 %
AZEK stock opened at $42.13 on Wednesday. AZEK has a twelve month low of $25.03 and a twelve month high of $50.78. The company has a quick ratio of 2.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $45.86 and a 200-day moving average of $44.35. The stock has a market capitalization of $6.13 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 1.32 and a beta of 1.91.
AZEK Company Profile
The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. 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.
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