AZEK (NYSE:AZEK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

AZEK (NYSE:AZEK) had its price target upped by Robert W. Baird from $52.00 to $54.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 13th. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Friday, October 4th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Friday, August 9th. BMO Capital Markets raised their price objective on shares of AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial cut their price objective on AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and a consensus price target of $49.24.

AZEK Trading Up 2.3 %

NYSE: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 company’s 50 day moving average is $45.41 and its 200-day moving average is $44.28. The company has a quick ratio of 2.11, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 49.02, a P/E/G ratio of 2.23 and a beta of 1.88.

Institutional Investors Weigh In On AZEK

Large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in AZEK in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC raised its position in shares of AZEK by 183.1% in the third 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 stake in shares of AZEK in the third quarter valued at approximately $39,000. Blue Trust Inc. grew its position in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in AZEK by 5,452.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after buying an additional 1,254 shares during the period. Institutional investors own 97.44% of the company’s stock.

About AZEK

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.