AZEK (NYSE:AZEK) Given “Buy” Rating at Benchmark

AZEK (NYSE:AZEK)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a report issued on Thursday,Benzinga reports. They presently have a $55.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 13.47% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. DA Davidson boosted their price objective on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lifted their target price on shares of AZEK from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group cut their price target on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus lowered their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.24.

AZEK Stock Performance

AZEK stock traded up $0.25 during trading on Thursday, reaching $48.47. 313,914 shares of the stock were exchanged, compared to its average volume of 1,690,833. AZEK has a twelve month low of $31.16 and a twelve month high of $50.78. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.01 billion, a P/E ratio of 46.25, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88. The stock has a 50 day simple moving average of $45.13 and a 200-day simple moving average of $44.23.

Institutional Trading of AZEK

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in AZEK during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after buying an additional 487 shares during the last quarter. Paladin Wealth LLC acquired a new position in AZEK in the third quarter valued at approximately $39,000. Blue Trust Inc. boosted its stake in AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after acquiring an additional 1,254 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.