AZEK (NYSE:AZEK) Price Target Cut to $27.00

AZEK (NYSE:AZEKGet Rating) had its price target reduced by Stifel Nicolaus from $30.00 to $27.00 in a research note issued on Thursday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential upside of 47.22% from the stock’s current price.

Other research analysts also recently issued reports about the company. Robert W. Baird lowered their target price on AZEK from $30.00 to $28.00 in a research report on Thursday. BMO Capital Markets lowered their price target on AZEK from $48.00 to $33.00 in a research report on Wednesday, May 11th. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and lowered their price target for the stock from $56.00 to $25.00 in a research report on Monday, April 25th. Barclays lowered their price target on AZEK from $43.00 to $40.00 in a research report on Thursday, March 31st. Finally, Citigroup lowered their price target on AZEK from $30.00 to $24.00 in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $33.40.

NYSE AZEK opened at $18.34 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 3.00. The company has a market capitalization of $2.84 billion, a P/E ratio of 25.12, a P/E/G ratio of 1.28 and a beta of 1.71. AZEK has a one year low of $16.34 and a one year high of $46.56. The stock has a 50 day moving average price of $20.97 and a 200-day moving average price of $29.57.

AZEK (NYSE:AZEKGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $396.26 million during the quarter, compared to the consensus estimate of $368.06 million. AZEK had a return on equity of 11.08% and a net margin of 8.49%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. As a group, equities analysts predict that AZEK will post 1.01 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in AZEK. Koshinski Asset Management Inc. purchased a new position in shares of AZEK during the first quarter valued at $25,000. CWM LLC purchased a new position in shares of AZEK during the fourth quarter valued at $27,000. Washington Trust Advisors Inc. increased its stake in shares of AZEK by 717.9% during the first quarter. Washington Trust Advisors Inc. now owns 1,096 shares of the company’s stock valued at $27,000 after buying an additional 962 shares during the period. Schroder Investment Management Group purchased a new position in shares of AZEK during the fourth quarter valued at $35,000. Finally, National Bank of Canada FI purchased a new position in shares of AZEK during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 96.53% of the company’s stock.

AZEK Company Profile (Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

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