Trex Company, Inc. (NYSE:TREX) Given Consensus Recommendation of “Hold” by Brokerages

Trex Company, Inc. (NYSE:TREXGet Free Report) has been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $79.81.

TREX has been the topic of several analyst reports. Citigroup cut their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Robert W. Baird lifted their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Barclays lowered their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th.

Check Out Our Latest Stock Analysis on TREX

Trex Price Performance

TREX opened at $72.71 on Thursday. The firm has a 50 day simple moving average of $72.50 and a 200 day simple moving average of $70.07. Trex has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50.

Trex (NYSE:TREXGet Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, analysts expect that Trex will post 2.05 EPS for the current year.

Institutional Trading of Trex

A number of institutional investors have recently made changes to their positions in TREX. Van ECK Associates Corp increased its stake in Trex by 35.4% in the 4th quarter. Van ECK Associates Corp now owns 110,697 shares of the construction company’s stock valued at $7,641,000 after buying an additional 28,971 shares during the last quarter. Values First Advisors Inc. increased its position in shares of Trex by 5.7% in the fourth quarter. Values First Advisors Inc. now owns 7,951 shares of the construction company’s stock valued at $549,000 after acquiring an additional 429 shares during the last quarter. Equitable Trust Co. bought a new stake in Trex during the fourth quarter worth about $261,000. Stephens Inc. AR boosted its position in Trex by 10.6% during the fourth quarter. Stephens Inc. AR now owns 6,294 shares of the construction company’s stock valued at $434,000 after purchasing an additional 601 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Company Profile

(Get Free Report

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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Analyst Recommendations for Trex (NYSE:TREX)

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