AZEK (AZEK) – Investment Analysts’ Weekly Ratings Changes

AZEK (NYSE: AZEK) recently received a number of ratings updates from brokerages and research firms:

• 11/20/2024 – AZEK had its price target raised by analysts at Royal Bank of Canada from $46.00 to $50.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at Robert W. Baird from $52.00 to $54.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at DA Davidson from $44.00 to $50.00. They now have a “neutral” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at BMO Capital Markets from $49.00 to $51.00. They now have a “market perform” rating on the stock.
• 11/20/2024 – AZEK had its price target raised by analysts at Truist Financial Co. from $52.00 to $57.00. They now have a “buy” rating on the stock.
• 10/22/2024 – AZEK had its price target raised by analysts at BMO Capital Markets from $46.00 to $49.00. They now have a “market perform” rating on the stock.
• 10/4/2024 – AZEK was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $47.00 price target on the stock.

AZEK Stock Performance

Shares of NYSE:AZEK opened at $48.72 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07. The firm’s 50 day simple moving average is $45.13 and its 200-day simple moving average is $44.23. The AZEK Company Inc. has a one year low of $31.16 and a one year high of $50.78. The firm has a market cap of $7.05 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88.

Hedge Funds Weigh In On AZEK

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Equitable Trust Co. boosted its stake in AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after acquiring an additional 226 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of AZEK by 3.7% during the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after purchasing an additional 251 shares during the last quarter. Creative Planning raised its holdings in shares of AZEK by 6.6% during the third quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd raised its holdings in shares of AZEK by 18.8% during the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

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.