AZEK (NYSE:AZEK) Given New $54.00 Price Target at Robert W. Baird

AZEK (NYSE:AZEK) had its target price lifted by Robert W. Baird from $52.00 to $54.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on AZEK. JPMorgan Chase & Co. dropped their target price on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets upped their price objective on AZEK from $46.00 to $49.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus reduced their target price on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Truist Financial lowered their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, AZEK has an average rating of “Moderate Buy” and an average target price of $48.88.

AZEK Trading Up 3.7 %

NYSE AZEK opened at $48.19 on Wednesday. The stock’s fifty day moving average price is $45.13 and its 200-day moving average price is $44.23. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.97 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.18 and a beta of 1.88. AZEK has a 12 month low of $30.76 and a 12 month high of $50.78.

Institutional Investors Weigh In On AZEK

Several hedge funds and other institutional investors have recently modified their holdings of AZEK. ORG Wealth Partners LLC bought a new stake in AZEK during the third quarter valued at about $31,000. Farther Finance Advisors LLC lifted its position in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of AZEK during the 3rd quarter valued at approximately $39,000. Blue Trust Inc. increased its holdings in AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after acquiring an additional 1,254 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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.