The AZEK Company Inc. (NYSE:AZEK) Receives $35.28 Average Price Target from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $35.28.

Several analysts recently weighed in on AZEK shares. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price objective on shares of AZEK in a report on Thursday, August 17th. BMO Capital Markets lifted their price objective on AZEK from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 14th. Barclays decreased their price objective on AZEK from $41.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Stephens restated an “overweight” rating and issued a $40.00 price objective on shares of AZEK in a report on Thursday, October 12th. Finally, The Goldman Sachs Group lifted their price objective on AZEK from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, August 9th.

AZEK Stock Up 0.3 %

Shares of AZEK opened at $31.23 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 2.08 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $28.62 and a 200-day moving average price of $28.96. The firm has a market capitalization of $4.66 billion, a P/E ratio of 223.04, a P/E/G ratio of 6.42 and a beta of 1.73. AZEK has a 12-month low of $16.76 and a 12-month high of $34.96.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.66, for a total value of $424,580.00. Following the sale, the chief executive officer now owns 1,239,824 shares in the company, valued at $40,492,651.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Jesse G. Singh sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $33.32, for a total value of $999,600.00. Following the sale, the chief executive officer now owns 70,000 shares in the company, valued at $2,332,400. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $32.66, for a total value of $424,580.00. Following the completion of the sale, the chief executive officer now owns 1,239,824 shares in the company, valued at approximately $40,492,651.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,000 shares of company stock worth $1,794,550. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On AZEK

Hedge funds and other institutional investors have recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in shares of AZEK during the 3rd quarter worth approximately $31,000. Tower Research Capital LLC TRC grew its stake in shares of AZEK by 726.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after purchasing an additional 1,060 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of AZEK during the 2nd quarter worth approximately $40,000. Covestor Ltd grew its stake in shares of AZEK by 1,441.8% during the 1st quarter. Covestor Ltd now owns 2,544 shares of the company’s stock worth $63,000 after purchasing an additional 2,379 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of AZEK by 5,176.6% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,063 shares of the company’s stock worth $96,000 after purchasing an additional 3,986 shares during the period.

About AZEK

The AZEK Company Inc engages in 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, 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.