AZEK (NYSE:AZEK) Price Target Raised to $54.00

AZEK (NYSE:AZEK - Free Report) had its price objective upped by BMO Capital Markets from $52.00 to $54.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other brokerages also recently issued reports on AZEK. Robert W. Baird upped their price target on AZEK from $54.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Citigroup upgraded shares of AZEK from a "neutral" rating to a "buy" rating and upped their target price for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Royal Bank of Canada increased their price objective on shares of AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their target price on shares of AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $54.85.

AZEK Stock Down 0.2 %

Shares of NYSE AZEK traded down $0.10 during midday trading on Thursday, hitting $49.99. 752,235 shares of the stock traded hands, compared to its average volume of 1,604,914. The business has a 50 day moving average price of $50.23 and a two-hundred day moving average price of $46.44. AZEK has a one year low of $35.48 and a one year high of $54.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56. The company has a market cap of $7.15 billion, a PE ratio of 50.49, a P/E/G ratio of 2.19 and a beta of 1.94.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities analysts predict that AZEK will post 1.29 EPS for the current year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the sale, the chief executive officer now owns 904,152 shares of the company's stock, valued at $40,668,756.96. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Samara Toole sold 1,709 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares in the company, valued at approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock worth $2,039,170 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Equitable Trust Co. boosted its stake in AZEK by 2.2% during the third quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock valued at $484,000 after buying an additional 226 shares during the period. GAMMA Investing LLC boosted its position in shares of AZEK by 39.1% during 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 last quarter. Truist Financial Corp grew its holdings in shares of AZEK by 1.6% during the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company's stock worth $793,000 after purchasing an additional 255 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of AZEK by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock worth $146,000 after purchasing an additional 352 shares during the last quarter. Finally, Creative Planning increased its position in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company's stock worth $327,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors 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.