AZEK (NYSE:AZEK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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

A number of other analysts have also commented on the company. DA Davidson lifted their price objective on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Barclays lifted their price target on shares of AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Truist Financial increased their price objective on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Friday, October 4th. Finally, Robert W. Baird increased their price target on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AZEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

AZEK Stock Down 0.3 %

NYSE:AZEK opened at $52.26 on Monday. The stock’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $44.38. The company 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. AZEK has a 52-week low of $31.17 and a 52-week high of $54.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.

Institutional Trading of AZEK

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in AZEK in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in 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 period. Paladin Wealth LLC bought a new position in AZEK during the 3rd quarter worth about $39,000. Blue Trust Inc. boosted its position in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AZEK during the third quarter worth about $59,000. 97.44% of the stock is owned by institutional investors.

About AZEK

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.