The AZEK Company Inc. (NYSE:AZEK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The AZEK Company Inc. (NYSE:AZEK) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $54.85.

A number of equities analysts recently weighed in on AZEK shares. DA Davidson boosted their price target on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Robert W. Baird boosted their price objective on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Citigroup raised AZEK from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $60.00 in a research note on Monday, January 6th.

AZEK Price Performance

NYSE:AZEK opened at $49.99 on Thursday. The stock has a 50 day moving average of $50.17 and a two-hundred day moving average of $46.49. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The firm has a market cap of $7.15 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, analysts expect that AZEK will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value 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 $881,496. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares in the company, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,322 shares of company stock worth $2,039,170 over the last three months. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On AZEK

Several large investors have recently added to or reduced their stakes in the business. Equitable Trust Co. grew its stake in shares of AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC grew its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Truist Financial Corp increased its holdings in AZEK by 1.6% during the 4th quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock worth $793,000 after purchasing an additional 255 shares during the period. Smartleaf Asset Management LLC raised its position in AZEK by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $146,000 after purchasing an additional 352 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after buying an additional 430 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.