The AZEK Company Inc. (NYSE:AZEK) Given Consensus Rating of “Hold” by Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $53.53.

A number of brokerages have recently weighed in on AZEK. Barclays cut their price target on AZEK from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. BMO Capital Markets raised their price target on shares of AZEK from $54.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, March 24th. Loop Capital reduced their price objective on AZEK from $55.00 to $49.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Stephens cut AZEK from an “overweight” rating to a “mixed” rating in a research note on Monday, March 24th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of AZEK in a research note on Wednesday, March 26th.

Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now directly owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On AZEK

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in AZEK by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock worth $93,564,000 after purchasing an additional 90,206 shares during the period. Stifel Financial Corp boosted its position in AZEK by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock valued at $1,052,000 after buying an additional 4,454 shares during the period. Blue Trust Inc. grew its position in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock worth $85,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of AZEK by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company’s stock valued at $55,519,000 after purchasing an additional 24,249 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in AZEK in the fourth quarter worth $717,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Price Performance

Shares of AZEK stock opened at $46.05 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a market cap of $6.62 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The firm has a fifty day moving average price of $45.97 and a two-hundred day moving average price of $47.58. AZEK has a fifty-two week low of $35.48 and a fifty-two week high of $54.91.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Analysts expect that AZEK will post 1.34 EPS for the current year.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.