Analysts Set The AZEK Company Inc. (NYSE:AZEK) Target Price at $49.24

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $49.82.

A number of research analysts have recently issued reports on AZEK shares. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Royal Bank of Canada increased their price target on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus cut their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, UBS Group lowered their target price on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th.

AZEK Stock Performance

AZEK stock opened at $53.12 on Friday. The stock’s 50 day simple moving average is $45.99 and its 200 day simple moving average is $44.49. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. AZEK has a 12-month low of $33.14 and a 12-month high of $54.16. The stock has a market capitalization of $7.60 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 2.30 and a beta of 1.88.

Institutional Trading of AZEK

Several institutional investors and hedge funds have recently modified their holdings of AZEK. ORG Wealth Partners LLC bought a new position in AZEK in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% in 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 in the last quarter. Paladin Wealth LLC bought a new position in shares of AZEK during the third quarter worth $39,000. Blue Trust Inc. grew its stake in AZEK by 106.4% during 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 in the last quarter. Finally, Versant Capital Management Inc increased its holdings in AZEK by 5,452.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after acquiring an additional 1,254 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Company Profile

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.