AZEK (NYSE:AZEK) Price Target Raised to $50.00 at DA Davidson

AZEK (NYSE:AZEK) had its target price lifted by DA Davidson from $44.00 to $50.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for AZEK’s FY2025 earnings at $1.57 EPS.

AZEK has been the topic of several other research reports. Royal Bank of Canada dropped their price target on AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Friday, October 4th. Stifel Nicolaus dropped their price target on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of AZEK in a research note on Friday, August 9th. Finally, Robert W. Baird boosted their price target on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.24.

AZEK Stock Performance

Shares of AZEK opened at $50.98 on Wednesday. AZEK has a 12-month low of $31.16 and a 12-month high of $51.03. The stock has a market capitalization of $7.38 billion, a P/E ratio of 49.02, a P/E/G ratio of 1.20 and a beta of 1.88. The firm’s 50 day moving average is $45.41 and its 200-day moving average is $44.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11.

Institutional Investors Weigh In On AZEK

Hedge funds and other institutional investors have recently made changes to their positions in the company. Equitable Trust Co. grew its stake in shares of AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after buying an additional 226 shares in the last quarter. Tidal Investments LLC grew its position in AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after acquiring an additional 251 shares in the last quarter. Creative Planning increased its stake in shares of AZEK by 6.6% during the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd raised its holdings in shares of AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after purchasing an additional 436 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares during the last quarter. 97.44% of the stock is 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.