AZEK (AZEK) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of AZEK (NYSE: AZEK) in the last few weeks:

• 12/11/2024 – AZEK had its price target raised by analysts at Barclays PLC from $58.00 to $64.00. They now have an “overweight” rating on the stock.
• 11/25/2024 – AZEK had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $58.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – AZEK had its price target raised by analysts at Barclays PLC from $53.00 to $58.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – AZEK had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $55.00 price target on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at Royal Bank of Canada from $46.00 to $50.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at Robert W. Baird from $52.00 to $54.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at DA Davidson from $44.00 to $50.00. They now have a “neutral” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at BMO Capital Markets from $49.00 to $51.00. They now have a “market perform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at Truist Financial Co. from $52.00 to $57.00. They now have a “buy” rating on the stock.
• 10/22/2024 – AZEK had its price target raised by analysts at BMO Capital Markets from $46.00 to $49.00. They now have a “market perform” rating on the stock.

AZEK Price Performance

NYSE:AZEK traded up $1.25 during midday trading on Wednesday, hitting $54.76. The company had a trading volume of 1,105,142 shares, compared to its average volume of 1,688,093. The AZEK Company Inc. has a 52-week low of $34.64 and a 52-week high of $54.77. The stock’s fifty day moving average price is $47.14 and its 200-day moving average price is $44.85. The company has a market capitalization of $7.83 billion, a PE ratio of 52.65, a P/E/G ratio of 2.39 and a beta of 1.92. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

Institutional Trading of AZEK

Several hedge funds have recently added to or reduced their stakes in AZEK. Wellington Management Group LLP boosted its holdings in shares of AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after purchasing an additional 3,595,863 shares during the period. FMR LLC boosted its holdings in shares of AZEK by 57.9% during the third quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after purchasing an additional 2,497,074 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of AZEK during the second quarter worth about $86,719,000. Interval Partners LP boosted its holdings in shares of AZEK by 162.4% during the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock worth $31,292,000 after purchasing an additional 459,664 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of AZEK by 73.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock worth $47,093,000 after purchasing an additional 425,609 shares during the period. 97.44% of the stock is owned by institutional investors.

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.