The AZEK Company Inc. (NYSE:AZEK) Given Average Rating of “Moderate Buy” by Analysts

The AZEK Company Inc. (NYSE:AZEKGet Rating) has received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.94.

AZEK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on AZEK from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, January 10th. UBS Group downgraded AZEK from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Thursday, January 5th. BMO Capital Markets cut their target price on AZEK from $29.00 to $27.00 in a research note on Wednesday, November 30th. Royal Bank of Canada dropped their price objective on AZEK from $22.00 to $20.00 in a research note on Tuesday, November 29th. Finally, Bank of America lowered their target price on AZEK from $23.00 to $21.00 in a report on Tuesday, October 18th.

Institutional Investors Weigh In On AZEK

A number of large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of AZEK by 176.1% during the 3rd quarter. Signaturefd LLC now owns 1,933 shares of the company’s stock worth $32,000 after buying an additional 1,233 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of AZEK by 278.7% in the second quarter. Eagle Bay Advisors LLC now owns 2,155 shares of the company’s stock worth $36,000 after acquiring an additional 1,586 shares in the last quarter. Covestor Ltd grew its position in AZEK by 1,441.8% during the first quarter. Covestor Ltd now owns 2,544 shares of the company’s stock valued at $63,000 after purchasing an additional 2,379 shares in the last quarter. Yarbrough Capital LLC purchased a new position in AZEK during the fourth quarter valued at approximately $119,000. Finally, MetLife Investment Management LLC purchased a new position in AZEK during the first quarter valued at approximately $124,000. 99.05% of the stock is owned by institutional investors and hedge funds.

AZEK Price Performance

AZEK opened at $22.77 on Wednesday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 5.24 and a beta of 1.57. AZEK has a 1 year low of $15.12 and a 1 year high of $39.78. The stock’s 50 day simple moving average is $20.32 and its 200 day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.91 and a quick ratio of 1.26.

AZEK (NYSE:AZEKGet Rating) last released its earnings results on Monday, November 28th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $304.63 million during the quarter, compared to analysts’ expectations of $288.91 million. AZEK had a net margin of 5.55% and a return on equity of 9.85%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, analysts predict that AZEK will post 0.46 earnings per share for the current year.

AZEK Company Profile

(Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling of 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 molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

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Analyst Recommendations for AZEK (NYSE:AZEK)

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