AZEK (NYSE:AZEK) Price Target Raised to $50.00

AZEK (NYSE:AZEK) had its target price boosted by DA Davidson from $44.00 to $50.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets boosted their target price on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday. Truist Financial cut their price objective on AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Robert W. Baird increased their price objective on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, UBS Group lowered their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.88.

AZEK Stock Up 3.7 %

NYSE AZEK opened at $48.19 on Wednesday. AZEK has a 1-year low of $30.76 and a 1-year 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 stock’s 50 day moving average is $45.13 and its two-hundred day moving average is $44.23. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 1.18 and a beta of 1.88.

Institutional Trading of AZEK

Hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of AZEK in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of AZEK in the third quarter valued at approximately $39,000. Blue Trust Inc. increased its position 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 acquiring an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position 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 in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.