Trex Company, Inc. (NYSE:TREX) Given Consensus Rating of “Hold” by Analysts

Trex Company, Inc. (NYSE:TREXGet Rating) has received an average rating of “Hold” from the twenty-one brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $93.19.

TREX has been the subject of a number of analyst reports. BNP Paribas downgraded shares of Trex from a “neutral” rating to an “underperform” rating and set a $81.00 price objective for the company. in a research report on Monday, March 28th. Truist Financial decreased their price objective on shares of Trex from $135.00 to $120.00 in a research report on Tuesday, March 1st. Exane BNP Paribas downgraded shares of Trex from a “neutral” rating to an “underperform” rating and set a $81.00 price objective for the company. in a research report on Monday, March 28th. Benchmark upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Monday, February 14th. Finally, Credit Suisse Group started coverage on shares of Trex in a research report on Tuesday, April 5th. They set an “underperform” rating and a $65.00 price target for the company.

NYSE TREX opened at $55.98 on Friday. The company has a market capitalization of $6.40 billion, a PE ratio of 30.93, a P/E/G ratio of 1.44 and a beta of 1.44. The company has a fifty day moving average of $68.44 and a 200 day moving average of $97.91. Trex has a 1 year low of $55.00 and a 1 year high of $140.98.

Trex (NYSE:TREXGet Rating) last posted its earnings results on Monday, February 28th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $303.96 million during the quarter, compared to the consensus estimate of $302.64 million. Trex had a net margin of 17.41% and a return on equity of 36.80%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. As a group, equities analysts predict that Trex will post 2.44 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of TREX. National Asset Management Inc. raised its holdings in shares of Trex by 3.3% during the 3rd quarter. National Asset Management Inc. now owns 3,118 shares of the construction company’s stock valued at $318,000 after buying an additional 100 shares during the period. Rockefeller Capital Management L.P. boosted its position in Trex by 28.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 479 shares of the construction company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Cetera Investment Advisers boosted its position in Trex by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,539 shares of the construction company’s stock valued at $613,000 after purchasing an additional 130 shares during the period. Allworth Financial LP raised its stake in Trex by 17.0% during the 4th quarter. Allworth Financial LP now owns 936 shares of the construction company’s stock valued at $126,000 after acquiring an additional 136 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Trex by 0.9% during the 4th quarter. Pacer Advisors Inc. now owns 16,332 shares of the construction company’s stock valued at $2,205,000 after acquiring an additional 140 shares in the last quarter. 93.63% of the stock is owned by hedge funds and other institutional investors.

About Trex (Get Rating)

Trex Company, Inc manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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Analyst Recommendations for Trex (NYSE:TREX)

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