AZEK (NYSE:AZEK) PT Raised to $50.00 at Stephens

AZEK (NYSE:AZEKGet Free Report) had its target price increased by equities research analysts at Stephens from $40.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price objective points to a potential upside of 8.77% from the company’s current price.

A number of other analysts have also recently commented on AZEK. Truist Financial upped their price objective on shares of AZEK from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Wolfe Research began coverage on AZEK in a report on Tuesday, December 12th. They set an “outperform” rating and a $43.00 target price for the company. TheStreet upgraded AZEK from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st. BMO Capital Markets increased their target price on AZEK from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus increased their target price on AZEK from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.21.

View Our Latest Stock Analysis on AZEK

AZEK Price Performance

AZEK opened at $45.97 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. AZEK has a 12 month low of $21.34 and a 12 month high of $46.42. The company has a fifty day simple moving average of $37.72 and a 200 day simple moving average of $32.91. The stock has a market cap of $6.79 billion, a P/E ratio of 58.19 and a beta of 1.87.

AZEK (NYSE:AZEKGet Free Report) last released its quarterly earnings data on Tuesday, November 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. AZEK had a net margin of 8.57% and a return on equity of 9.48%. The business had revenue of $388.81 million during the quarter, compared to analysts’ expectations of $368.68 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. On average, research analysts expect that AZEK will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other AZEK news, insider Jonathan Skelly sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.75, for a total transaction of $348,750.00. Following the completion of the sale, the insider now directly owns 190,784 shares in the company, valued at $7,392,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $34.79, for a total value of $452,270.00. Following the completion of the sale, the chief executive officer now directly owns 1,197,202 shares in the company, valued at $41,650,657.58. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan Skelly sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.75, for a total value of $348,750.00. Following the completion of the sale, the insider now owns 190,784 shares of the company’s stock, valued at $7,392,880. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $1,285,010 over the last three months. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On AZEK

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AZEK by 726.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after buying an additional 1,060 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of AZEK during the third quarter worth $31,000. Pinebridge Investments L.P. acquired a new position in shares of AZEK during the second quarter worth $40,000. Finally, Principal Securities Inc. acquired a new position in shares of AZEK during the fourth quarter worth $44,000.

AZEK Company Profile

(Get Free Report)

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.

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