AZEK (NYSE:AZEK) Price Target Raised to $54.00 at BMO Capital Markets

AZEK (NYSE:AZEK) had its price target boosted by BMO Capital Markets from $52.00 to $54.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and upped their target price for the stock from $51.00 to $60.00 in a report on Monday, January 6th. DA Davidson upped their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.20.

AZEK Trading Down 0.9 %

AZEK opened at $51.05 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The stock’s 50 day moving average price is $50.29 and its 200-day moving average price is $46.36. AZEK has a one year low of $35.48 and a one year high of $54.91. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 2.23 and a beta of 1.94.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 10.68% and a return on equity of 12.68%. On average, equities analysts forecast that AZEK will post 1.28 EPS for the current year.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the transaction, the chief executive officer now owns 904,152 shares in the company, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,322 shares of company stock valued at $2,039,170 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in AZEK in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in AZEK during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares during the period. Paladin Wealth LLC purchased a new stake in shares of AZEK in the 3rd quarter valued at $39,000. Finally, GAMMA Investing LLC increased its stake in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

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.