The AZEK Company Inc. (NYSE:AZEK) Receives $42.84 Average Target Price from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $43.50.

A number of brokerages recently weighed in on AZEK. B. Riley raised their target price on shares of AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Truist Financial increased their price target on AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird boosted their price objective on AZEK from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Citigroup raised their target price on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, BMO Capital Markets boosted their price target on shares of AZEK from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

Insider Buying and Selling

In other AZEK news, insider Jonathan Skelly sold 10,000 shares of AZEK stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total value of $467,800.00. Following the transaction, the insider now directly owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other AZEK news, insider Jonathan Skelly sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $46.78, for a total value of $467,800.00. Following the completion of the sale, the insider now directly owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the completion of the sale, the chief executive officer now owns 1,184,444 shares in the company, valued at $53,702,690.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,431 shares of company stock valued at $6,356,622. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On AZEK

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of AZEK by 45.9% during the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the period. BluePath Capital Management LLC bought a new stake in AZEK in the 3rd quarter valued at $31,000. Principal Securities Inc. acquired a new position in shares of AZEK in the 4th quarter valued at $44,000. Tower Research Capital LLC TRC lifted its holdings in shares of AZEK by 726.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after acquiring an additional 1,060 shares during the period. Finally, CWM LLC boosted its position in shares of AZEK by 81.3% during the 4th quarter. CWM LLC now owns 2,022 shares of the company’s stock valued at $77,000 after acquiring an additional 907 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Price Performance

NYSE AZEK opened at $45.28 on Friday. The company has a 50-day moving average price of $47.78 and a two-hundred day moving average price of $38.43. AZEK has a 52 week low of $23.08 and a 52 week high of $50.78. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 57.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.92. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $240.44 million for the quarter, compared to the consensus estimate of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. Analysts forecast that AZEK will post 1.02 EPS for the current year.

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.