The AZEK Company Inc. (NYSE:AZEK) Receives $49.24 Consensus PT from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $49.82.

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price target on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. UBS Group decreased their price target on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price target on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Barclays increased their price objective on shares of AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st.

AZEK Stock Performance

Shares of NYSE AZEK opened at $53.34 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market cap of $7.72 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.88. The company has a 50-day simple moving average of $45.59 and a 200-day simple moving average of $44.33. AZEK has a 12 month low of $31.17 and a 12 month high of $54.16.

Hedge Funds Weigh In On AZEK

Several hedge funds and other institutional investors have recently bought and sold shares of AZEK. ORG Wealth Partners LLC acquired a new stake in AZEK in the third quarter valued at $31,000. Farther Finance Advisors LLC raised its holdings 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 buying an additional 487 shares during the last quarter. Paladin Wealth LLC bought a new stake in AZEK during the 3rd quarter valued at $39,000. Blue Trust Inc. raised its stake in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after buying an additional 1,254 shares in 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.