The AZEK Company Inc. (NYSE:AZEK) Receives Average Recommendation of “Moderate Buy” from Analysts

The AZEK Company Inc. (NYSE:AZEK) has received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.28.

Several equities analysts recently weighed in on AZEK shares. Stephens reiterated an “overweight” rating and set a $40.00 target price on shares of AZEK in a research report on Thursday, October 12th. Wedbush raised their price objective on AZEK from $17.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Credit Suisse Group raised their price objective on AZEK from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Truist Financial cut their price objective on AZEK from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price objective on shares of AZEK in a report on Thursday, August 17th.

AZEK Stock Performance

NYSE AZEK opened at $31.23 on Tuesday. The business’s 50-day moving average price is $28.62 and its 200 day moving average price is $28.96. AZEK has a twelve month low of $16.76 and a twelve month high of $34.96. The company has a market capitalization of $4.66 billion, a PE ratio of 223.04, a price-to-earnings-growth ratio of 6.42 and a beta of 1.73. The company has a current ratio of 3.41, a quick ratio of 2.08 and a debt-to-equity ratio of 0.40.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.66, for a total value of $424,580.00. Following the completion of the transaction, the chief executive officer now owns 1,239,824 shares in the company, valued at approximately $40,492,651.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.66, for a total value of $424,580.00. Following the completion of the transaction, the chief executive officer now owns 1,239,824 shares in the company, valued at approximately $40,492,651.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 30,000 shares of AZEK stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $33.32, for a total value of $999,600.00. Following the completion of the transaction, the chief executive officer now owns 70,000 shares of the company’s stock, valued at approximately $2,332,400. The disclosure for this sale can be found here. Insiders sold a total of 56,000 shares of company stock worth $1,794,550 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of AZEK

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of AZEK by 726.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after purchasing an additional 1,060 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of AZEK in the 3rd quarter worth approximately $31,000. Pinebridge Investments L.P. bought a new stake in shares of AZEK in the 2nd quarter worth approximately $40,000. Covestor Ltd lifted its holdings in shares of AZEK by 1,441.8% in the 1st quarter. Covestor Ltd now owns 2,544 shares of the company’s stock worth $63,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of AZEK by 5,176.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,063 shares of the company’s stock worth $96,000 after purchasing an additional 3,986 shares during the last quarter.

About AZEK

The AZEK Company Inc engages in manufacturing and selling of building products for residential, commercial, and industrial markets in the United States. 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.