AZEK (NYSE:AZEK) Stock Price Expected to Rise, DA Davidson Analyst Says

AZEK (NYSE:AZEK - Free Report) had its target price lifted by DA Davidson from $44.00 to $50.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on AZEK. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of AZEK in a research note on Friday, August 9th. BMO Capital Markets boosted their price target on AZEK from $49.00 to $51.00 and gave the stock a "market perform" rating in a research report on Wednesday. Truist Financial dropped their price objective on AZEK from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Loop Capital downgraded AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price for the company. in a research note on Friday, October 4th. Finally, Robert W. Baird increased their price target on AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.88.

AZEK Stock Up 3.7 %

Shares of AZEK stock traded up $1.73 on Wednesday, reaching $48.19. 3,326,189 shares of the company were exchanged, compared to its average volume of 1,696,952. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 1.18 and a beta of 1.88. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. AZEK has a one year low of $30.76 and a one year high of $50.78. The company has a 50-day moving average of $45.13 and a 200 day moving average of $44.23.

Institutional Inflows and Outflows

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