The AZEK Company Inc. (NYSE:AZEK) Receives $53.73 Average PT from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $53.73.

Several brokerages have recently weighed in on AZEK. Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and increased their target price for the company from $51.00 to $60.00 in a research report on Monday, January 6th. BMO Capital Markets boosted their price target on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the sale, the chief executive officer now directly owns 904,152 shares in the company, valued at approximately $40,668,756.96. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock valued at $2,039,170 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AZEK. ORG Wealth Partners LLC acquired a new stake in shares of AZEK in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its position in AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK in the third quarter valued at $39,000. GAMMA Investing LLC increased its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares in the last quarter. Finally, Blue Trust Inc. raised its stake 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 buying an additional 480 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Trading Up 3.9 %

NYSE AZEK opened at $47.05 on Friday. AZEK has a 52 week low of $35.48 and a 52 week high of $54.91. The firm has a 50 day moving average of $49.51 and a two-hundred day moving average of $45.40. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6.73 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 1.94.

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.