AZEK (NYSE:AZEK) Price Target Increased to $49.00 by Analysts at BMO Capital Markets

AZEK (NYSE:AZEK) had its price objective raised by BMO Capital Markets from $46.00 to $49.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other brokerages have also weighed in on AZEK. UBS Group decreased their target price on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Citigroup lowered their target price on shares of AZEK from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. The Goldman Sachs Group decreased their price target on shares of AZEK from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Truist Financial dropped their price objective on shares of AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.12.

AZEK Trading Down 1.6 %

Shares of AZEK opened at $42.52 on Tuesday. The business’s 50-day moving average price is $43.57 and its 200-day moving average price is $44.42. The company has a quick ratio of 2.11, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. AZEK has a twelve month low of $25.03 and a twelve month high of $50.78. The stock has a market cap of $6.19 billion, a PE ratio of 41.69, a P/E/G ratio of 1.10 and a beta of 1.88.

AZEK (NYSE:AZEK) last posted its earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $434.40 million for the quarter, compared to analysts’ expectations of $396.89 million. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities analysts forecast that AZEK will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the transaction, the chief executive officer now directly owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Pamela J. Edwards acquired 600 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $41.70 per share, for a total transaction of $25,020.00. Following the acquisition, the director now owns 8,708 shares of the company’s stock, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Trading of AZEK

Several large investors have recently bought and sold shares of AZEK. ORG Wealth Partners LLC bought a new position in shares of AZEK in the 3rd quarter worth approximately $31,000. ORG Partners LLC bought a new position in AZEK in the first quarter worth $35,000. Whittier Trust Co. bought a new position in AZEK in the first quarter worth $37,000. Paladin Wealth LLC purchased a new position in AZEK during the third quarter valued at $39,000. Finally, Blue Trust Inc. boosted its holdings in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after buying an additional 480 shares in the last quarter. 97.44% of the stock is owned by 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.