The AZEK Company Inc. (NYSE:AZEK) Receives $54.32 Consensus Price Target from Brokerages

The AZEK Company Inc. (NYSE:AZEK) has earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $54.32.

AZEK has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Baird R W lowered AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. William Blair reiterated a “market perform” rating on shares of AZEK in a report on Monday, March 24th. Finally, BMO Capital Markets upped their target price on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th.

AZEK Price Performance

AZEK stock opened at $48.45 on Friday. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 48.94, a P/E/G ratio of 1.91 and a beta of 1.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a 50 day simple moving average of $47.35 and a 200 day simple moving average of $47.53. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Research analysts anticipate that AZEK will post 1.34 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse G. Singh sold 19,613 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares in the company, valued at approximately $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 55,000 shares of company stock valued at $2,518,624 in the last ninety days. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in AZEK in the fourth quarter valued at approximately $27,000. FIL Ltd bought a new position in shares of AZEK during the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after acquiring an additional 592 shares during the period. Avalon Trust Co bought a new stake in AZEK in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC raised its stake in AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after acquiring an additional 239 shares during the period. 97.44% of the stock is owned by institutional investors.

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.