AZEK (NYSE:AZEK) Price Target Raised to $57.00 at Truist Financial

AZEK (NYSE:AZEK - Get Free Report) had its target price upped by research analysts at Truist Financial from $52.00 to $57.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 17.70% from the company's current price.

A number of other research firms also recently commented on AZEK. Robert W. Baird increased their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Wednesday. DA Davidson raised their target price on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday. UBS Group cut their target price on shares of AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets raised their target price on shares of AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of AZEK from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.88.

AZEK Stock Up 4.2 %

AZEK stock traded up $1.97 during trading hours on Wednesday, reaching $48.43. 1,501,734 shares of the stock were exchanged, compared to its average volume of 1,688,843. The firm's 50-day moving average is $45.00 and its 200-day moving average is $44.20. AZEK has a 12 month low of $30.76 and a 12 month high of $50.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 1.18 and a beta of 1.88.

Institutional Trading of AZEK

Hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in AZEK in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC boosted its holdings in shares of AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock worth $35,000 after buying an additional 487 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of AZEK in the 3rd quarter worth about $39,000. Blue Trust Inc. raised its stake in AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company's stock valued at $44,000 after acquiring an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in AZEK in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds 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.

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