AZEK (NYSE:AZEK) Price Target Raised to $59.00

AZEK (NYSE:AZEK) had its price target increased by The Goldman Sachs Group from $52.00 to $59.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on AZEK. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research note on Thursday, November 21st. DA Davidson raised their target price on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.67.

AZEK Trading Down 0.8 %

Shares of AZEK opened at $53.51 on Thursday. AZEK has a 1-year low of $35.38 and a 1-year high of $54.91. The business’s 50-day moving average price is $47.66 and its 200 day moving average price is $45.01. The stock has a market capitalization of $7.65 billion, a P/E ratio of 51.45, a P/E/G ratio of 2.40 and a beta of 1.92. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On AZEK

Large investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in shares of AZEK in the third quarter valued at about $31,000. Farther Finance Advisors LLC increased its position in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC acquired a new position in shares of AZEK in the third quarter valued at $39,000. Blue Trust Inc. lifted its position in AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZEK during the third quarter worth $59,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.