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

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.93.

Several research firms have weighed in on AZEK. Loop Capital cut their price objective on AZEK from $55.00 to $49.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. UBS Group cut their price target on shares of AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of AZEK from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Barclays lifted their price objective on shares of AZEK from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Stephens reduced their target price on shares of AZEK from $58.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $51.40, for a total transaction of $1,028,000.00. Following the sale, the chief executive officer owned 852,765 shares in the company, valued at $43,832,121. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On AZEK

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in AZEK by 44.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,769 shares of the company’s stock valued at $673,000 after acquiring an additional 4,246 shares during the period. Farther Finance Advisors LLC lifted its position in AZEK by 472.9% in the first quarter. Farther Finance Advisors LLC now owns 1,948 shares of the company’s stock valued at $94,000 after purchasing an additional 1,608 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of AZEK by 6.8% during the first quarter. Fifth Third Bancorp now owns 7,236 shares of the company’s stock valued at $354,000 after purchasing an additional 461 shares during the period. Rhumbline Advisers grew its holdings in shares of AZEK by 7.8% in the first quarter. Rhumbline Advisers now owns 170,266 shares of the company’s stock worth $8,324,000 after purchasing an additional 12,266 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of AZEK by 96.2% in the first quarter. Cerity Partners LLC now owns 9,362 shares of the company’s stock worth $458,000 after purchasing an additional 4,591 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Performance

Shares of AZEK stock opened at $54.35 on Thursday. The business has a 50-day simple moving average of $52.97 and a 200 day simple moving average of $49.67. AZEK has a one year low of $35.48 and a one year high of $54.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.47. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $452.23 million during the quarter, compared to analyst estimates of $444.75 million. AZEK had a net margin of 9.92% and a return on equity of 13.87%. AZEK’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. On average, research analysts anticipate that AZEK will post 1.34 earnings per share for the current fiscal year.

About AZEK

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.