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

The AZEK Company Inc. (NYSE:AZEK – Get Rating) has earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $41.60.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised AZEK from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley reduced their price target on AZEK from $47.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 6th. Zelman & Associates initiated coverage on AZEK in a research report on Monday, March 14th. They issued a “hold” rating on the stock. DA Davidson upgraded AZEK from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 1st. Finally, TheStreet lowered AZEK from a “c” rating to a “d+” rating in a research report on Thursday, February 3rd.

In related news, Director Vernon J. Nagel bought 5,000 shares of the company’s stock in a transaction dated Monday, February 7th. The shares were bought at an average price of $30.41 per share, for a total transaction of $152,050.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter G. Clifford bought 13,000 shares of the company’s stock in a transaction dated Monday, February 7th. The stock was bought at an average price of $30.24 per share, for a total transaction of $393,120.00. The disclosure for this purchase can be found here. Insiders bought 32,065 shares of company stock worth $946,833 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in AZEK during the fourth quarter worth $27,000. Schroder Investment Management Group bought a new stake in AZEK during the fourth quarter worth $35,000. National Bank of Canada FI purchased a new stake in AZEK in the fourth quarter worth $37,000. Parallel Advisors LLC increased its position in AZEK by 3,690.3% in the fourth quarter. Parallel Advisors LLC now owns 1,175 shares of the company’s stock worth $54,000 after buying an additional 1,144 shares during the last quarter. Finally, Stephens Inc. AR increased its position in AZEK by 140.8% in the fourth quarter. Stephens Inc. AR now owns 1,406 shares of the company’s stock worth $65,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Shares of AZEK opened at $21.65 on Monday. AZEK has a 12-month low of $21.41 and a 12-month high of $51.32. The stock has a 50-day moving average price of $26.65. The company has a current ratio of 2.69, a quick ratio of 0.91 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.36 billion, a PE ratio of 33.83 and a beta of 1.83.

AZEK (NYSE:AZEK – Get Rating) last issued its earnings results on Thursday, February 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. AZEK had a return on equity of 10.30% and a net margin of 8.13%. The business had revenue of $259.71 million during the quarter, compared to analysts’ expectations of $256.70 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that AZEK will post 1.13 earnings per share for the current fiscal year.

AZEK Company Profile (Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential and commercial markets in the United States. The company operates through Residential and Commercial segments. Its products include decks, rails, trims, accessories, and specialty exteriors; and partitions, lockers, and polymer solutions.

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