Robert W. Baird Reaffirms Neutral Rating for AZEK (NYSE:AZEK)

Robert W. Baird reissued their neutral rating on shares of AZEK (NYSE:AZEK - Free Report) in a report issued on Monday morning,Benzinga reports. The brokerage currently has a $53.00 target price on the stock, down from their prior target price of $58.00.

A number of other equities research analysts also recently weighed in on AZEK. The Goldman Sachs Group lifted their price target on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Citigroup upgraded shares of AZEK from a "neutral" rating to a "buy" rating and lifted their target price for the company from $51.00 to $60.00 in a research report on Monday, January 6th. Royal Bank of Canada increased their price target on shares of AZEK from $50.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Barclays increased their target price on AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $54.32.

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AZEK Stock Performance

Shares of NYSE:AZEK traded down $0.14 on Monday, hitting $49.65. 6,009,594 shares of the company were exchanged, compared to its average volume of 1,920,716. The company's 50 day moving average price is $47.40 and its two-hundred day moving average price is $47.37. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 50.15, a PEG ratio of 1.91 and a beta of 1.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. AZEK has a one year low of $35.48 and a one year high of $54.91.

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

Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now owns 868,765 shares in the company, valued at $35,645,427.95. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AZEK

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of AZEK by 7.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 165,436 shares of the company's stock valued at $7,853,000 after acquiring an additional 12,087 shares during the period. Vident Advisory LLC acquired a new position in AZEK during the 4th quarter valued at about $217,000. Squarepoint Ops LLC bought a new position in shares of AZEK in the 4th quarter valued at about $1,397,000. Tabor Asset Management LP acquired a new stake in shares of AZEK during the 4th quarter worth approximately $2,289,000. Finally, Tidal Investments LLC raised its stake in shares of AZEK by 4,255.1% during the fourth quarter. Tidal Investments LLC now owns 461,076 shares of the company's stock worth $21,887,000 after buying an additional 450,489 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

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.