AZEK (NYSE:AZEK) Price Target Raised to $59.00 at The Goldman Sachs Group

AZEK (NYSE:AZEK - Free Report) had its price target upped by The Goldman Sachs Group from $52.00 to $59.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on AZEK. JPMorgan Chase & Co. upped their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, November 25th. BMO Capital Markets lifted their price objective on shares of AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. Loop Capital lowered shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Robert W. Baird boosted their price objective on AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Finally, DA Davidson raised their target price on AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $51.56.

AZEK Trading Down 1.4 %

AZEK traded down $0.79 during trading on Thursday, reaching $53.97. 1,146,969 shares of the stock traded hands, compared to its average volume of 1,685,950. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average is $47.46 and its 200 day moving average is $44.98. AZEK has a 12 month low of $34.96 and a 12 month high of $54.91. The stock has a market capitalization of $7.72 billion, a PE ratio of 51.89, a P/E/G ratio of 2.39 and a beta of 1.92.

Hedge Funds Weigh In On AZEK

Several institutional investors have recently bought and sold shares of AZEK. Wellington Management Group LLP grew its stake in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock worth $665,702,000 after acquiring an additional 3,595,863 shares during the period. FMR LLC grew its stake in AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock valued at $318,782,000 after buying an additional 2,497,074 shares in the last quarter. State Street Corp raised its holdings in AZEK by 1.9% during the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company's stock valued at $114,729,000 after acquiring an additional 45,774 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of AZEK by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company's stock worth $99,175,000 after acquiring an additional 118,351 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of AZEK by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after purchasing an additional 12,644 shares in 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.