AZEK (NYSE:AZEK) Given "Equal Weight" Rating at Stephens

AZEK (NYSE:AZEK - Get Free Report)'s stock had its "equal weight" rating restated by investment analysts at Stephens in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $58.00 target price on the stock. Stephens' price target would indicate a potential upside of 16.82% from the company's current price.

AZEK has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. The Goldman Sachs Group upped their target price on shares of AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of AZEK from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. BMO Capital Markets raised their target price on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday. Finally, Robert W. Baird reissued a "neutral" rating and set a $53.00 price target (down previously from $58.00) on shares of AZEK in a report on Monday. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $54.32.

AZEK Stock Down 0.3 %

NYSE:AZEK traded down $0.14 on Monday, reaching $49.65. 6,009,594 shares of the stock traded hands, compared to its average volume of 1,920,716. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The company 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's fifty day simple moving average is $47.40 and its 200 day simple moving average is $47.37. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

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AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts predict that AZEK will post 1.34 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse G. Singh sold 20,387 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 55,000 shares of company stock worth $2,518,624 over the last 90 days. Corporate insiders own 3.20% of the company's stock.

Institutional Trading of AZEK

A number of large investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of AZEK during the 3rd quarter valued at approximately $256,000. Charles Schwab Investment Management Inc. raised its stake in AZEK by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company's stock valued at $53,600,000 after purchasing an additional 28,080 shares in the last quarter. Bank of Montreal Can lifted its position in AZEK by 22.8% during the third quarter. Bank of Montreal Can now owns 196,361 shares of the company's stock valued at $9,184,000 after purchasing an additional 36,433 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of AZEK by 38.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company's stock worth $33,676,000 after buying an additional 200,746 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after buying an additional 2,497,074 shares during the last quarter. 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.