Analysts Set The AZEK Company Inc. (NYSE:AZEK) Price Target at $54.32

The AZEK Company Inc. (NYSE:AZEK) has received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $54.32.

Several equities research analysts recently issued reports on AZEK shares. The Goldman Sachs Group lifted their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wolfe Research reiterated a “peer perform” rating on shares of AZEK in a research report on Wednesday, March 26th. Stephens cut shares of AZEK from an “overweight” rating to a “mixed” rating in a research report on Monday, March 24th. William Blair reiterated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. Finally, Barclays increased their price target on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th.

AZEK Stock Down 0.9 %

Shares of NYSE AZEK opened at $48.45 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.96 billion, a P/E ratio of 48.94, a P/E/G ratio of 1.91 and a beta of 1.95. AZEK has a 52 week low of $35.48 and a 52 week high of $54.91. The business has a 50-day simple moving average of $47.35 and a two-hundred day simple moving average of $47.53.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares of the company’s stock, valued at $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 55,000 shares of company stock worth $2,518,624 in the last ninety days. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On AZEK

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after purchasing an additional 31,193 shares during the last quarter. State Street Corp grew its position in shares of AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after buying an additional 45,774 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of AZEK by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock valued at $93,564,000 after buying an additional 90,206 shares during the period. Stifel Financial Corp raised its holdings in shares of AZEK by 24.7% during the third quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock valued at $1,052,000 after acquiring an additional 4,454 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in AZEK by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock worth $85,000 after acquiring an additional 877 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.