Trex (NYSE:TREX – Get Rating) was upgraded by equities researchers at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports.
Other research analysts also recently issued reports about the company. UBS Group began coverage on Trex in a report on Wednesday, January 19th. They set a “neutral” rating and a $111.00 price target on the stock. Zacks Investment Research downgraded Trex from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Trex from $78.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday, April 20th. Truist Financial lowered their price target on Trex from $120.00 to $90.00 in a report on Tuesday. Finally, Bank of America began coverage on Trex in a report on Monday, April 25th. They set an “underperform” rating and a $60.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.17.
Trex stock traded up $2.95 during mid-day trading on Tuesday, hitting $58.63. The company had a trading volume of 3,683,078 shares, compared to its average volume of 1,406,064. The stock’s 50 day moving average price is $67.16 and its two-hundred day moving average price is $97.36. Trex has a 12 month low of $51.76 and a 12 month high of $140.98. The company has a market capitalization of $6.70 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44.
Institutional investors and hedge funds have recently modified their holdings of the business. NN Investment Partners Holdings N.V. purchased a new stake in Trex in the fourth quarter worth about $26,000. UMB Bank N A MO purchased a new stake in Trex in the fourth quarter worth about $32,000. M&R Capital Management Inc. purchased a new stake in shares of Trex during the fourth quarter worth about $41,000. Tobam purchased a new stake in shares of Trex during the fourth quarter worth about $41,000. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of Trex during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 93.63% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Trex (TREX)
- If PetMeds Is A Good Buy There Will Be A Better Signal
- Insiders Buy Occidental Petroleum Ahead Of Q1 Earnings
- High-Yield Deep-Value LCI Industries Exceeds All Expectations
- Shopify (NYSE: SHOP) Approaches Key Support Level
- Follow The Money To Cigna
Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.