Analysts Set The AZEK Company Inc. (NYSE:AZEK) Price Target at $47.15

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned a consensus rating of “Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.15.

Several research analysts recently commented on the stock. Loop Capital assumed coverage on shares of The AZEK in a report on Thursday, April 8th. They issued a “buy” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of The AZEK in a report on Wednesday, May 5th. They set a “neutral” rating and a $53.00 price objective on the stock. Barclays boosted their price objective on shares of The AZEK from $51.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 8th. Zacks Investment Research downgraded shares of The AZEK from a “buy” rating to a “sell” rating in a report on Tuesday. Finally, Wedbush assumed coverage on shares of The AZEK in a report on Monday, April 19th. They set an “outperform” rating and a $52.00 price objective on the stock.

In related news, CEO Jesse G. Singh sold 55,000 shares of the stock in a transaction on Friday, June 18th. The shares were sold at an average price of $39.77, for a total transaction of $2,187,350.00. Also, CFO Ralph J. Nicoletti sold 4,622 shares of the stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $49.50, for a total transaction of $228,789.00. The disclosure for this sale can be found here. Insiders sold 236,776 shares of company stock valued at $10,632,993 in the last ninety days. Insiders own 4.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AZEK. BlackRock Inc. raised its position in shares of The AZEK by 32.0% in the first quarter. BlackRock Inc. now owns 8,957,600 shares of the company’s stock valued at $376,667,000 after purchasing an additional 2,169,160 shares during the period. Lord Abbett & CO. LLC increased its holdings in The AZEK by 233.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,945,301 shares of the company’s stock valued at $123,850,000 after buying an additional 2,063,083 shares during the period. Brown Advisory Inc. bought a new position in The AZEK in the 1st quarter valued at about $82,165,000. Eaton Vance Management increased its holdings in The AZEK by 129.8% in the 4th quarter. Eaton Vance Management now owns 2,185,534 shares of the company’s stock valued at $84,034,000 after buying an additional 1,234,349 shares during the period. Finally, Oak Ridge Investments LLC increased its holdings in The AZEK by 736.2% in the 1st quarter. Oak Ridge Investments LLC now owns 1,196,394 shares of the company’s stock valued at $50,308,000 after buying an additional 1,053,326 shares during the period. 94.47% of the stock is currently owned by institutional investors.

AZEK traded down $0.71 during trading on Friday, hitting $36.53. The stock had a trading volume of 7,983 shares, compared to its average volume of 1,108,658. The stock has a market capitalization of $5.65 billion and a price-to-earnings ratio of -55.50. The AZEK has a 12 month low of $30.88 and a 12 month high of $51.32. The company has a current ratio of 3.63, a quick ratio of 2.31 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $41.15.

The AZEK (NYSE:AZEK) last announced its earnings results on Wednesday, May 12th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $293.10 million for the quarter, compared to the consensus estimate of $281.82 million. The AZEK had a negative net margin of 8.42% and a positive return on equity of 8.82%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research analysts forecast that The AZEK will post 0.8 EPS for the current year.

About The AZEK

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential and commercial markets in the United States. The company operates through Residential and Commercial segments. Its products include decks, rails, trims, accessories, and specialty exteriors; and partitions, lockers, and polymer solutions.

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Analyst Recommendations for The AZEK (NYSE:AZEK)

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