The AZEK Company Inc. (NYSE:AZEK) Receives $42.84 Average Target Price from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $42.84.

Several analysts have commented on AZEK shares. Citigroup boosted their price target on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada upped their target price on shares of AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. TheStreet upgraded shares of AZEK from a “c+” rating to a “b-” rating in a research report on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays upped their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th.

AZEK Stock Down 0.2 %

Shares of AZEK stock opened at $46.19 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of 58.47, a PEG ratio of 1.54 and a beta of 1.92. AZEK has a 52 week low of $23.08 and a 52 week high of $50.78. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $47.79 and its two-hundred day simple moving average is $38.34.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. Analysts predict that AZEK will post 1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the transaction, the chief executive officer now directly owns 1,184,444 shares in the company, valued at approximately $53,702,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michelle A. Kasson sold 94,431 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the transaction, the insider now directly owns 23,544 shares in the company, valued at $1,164,721.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the sale, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at approximately $53,702,690.96. The disclosure for this sale can be found here. Insiders have sold 130,431 shares of company stock worth $6,356,622 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Redwood Investments LLC purchased a new position in shares of AZEK in the fourth quarter worth $2,893,000. Lecap Asset Management Ltd. purchased a new position in shares of AZEK in the fourth quarter worth $1,134,000. Sherbrooke Park Advisers LLC raised its holdings in shares of AZEK by 62.8% in the third quarter. Sherbrooke Park Advisers LLC now owns 42,923 shares of the company’s stock worth $1,277,000 after buying an additional 16,565 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of AZEK by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company’s stock worth $386,989,000 after buying an additional 881,697 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of AZEK in the third quarter worth $1,731,000. Hedge funds and other institutional investors 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.