AZEK (NYSE:AZEK) Price Target Raised to $58.00

AZEK (NYSE:AZEK) had its price target hoisted by JPMorgan Chase & Co. from $48.00 to $58.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. UBS Group reduced their price objective on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Stifel Nicolaus dropped their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. DA Davidson increased their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Truist Financial raised their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.82.

AZEK Stock Performance

Shares of NYSE AZEK opened at $52.26 on Monday. The business’s 50-day simple moving average is $45.74 and its 200-day simple moving average is $44.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. AZEK has a 52 week low of $31.17 and a 52 week high of $54.16. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 2.38 and a beta of 1.88.

Hedge Funds Weigh In On AZEK

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

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.