The AZEK Company Inc. (NYSE:AZEK) Receives $48.12 Average Price Target from Brokerages

Shares of The AZEK Company Inc. (NYSE:AZEK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $48.12.

A number of analysts have weighed in on AZEK shares. UBS Group cut their target price on shares of AZEK from $47.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus cut their target price on shares of AZEK from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. DA Davidson lowered shares of AZEK from a "buy" rating to a "neutral" rating and cut their target price for the company from $57.00 to $44.00 in a research report on Wednesday, July 3rd. Loop Capital downgraded shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 price target for the company. in a research note on Friday, October 4th. Finally, Truist Financial dropped their price target on shares of AZEK from $57.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, August 8th.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at approximately $7,742,656.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at approximately $7,742,656.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela J. Edwards purchased 600 shares of AZEK stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the acquisition, the director now directly owns 8,708 shares of the company's stock, valued at approximately $363,123.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in AZEK by 3.2% during the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company's stock worth $677,082,000 after purchasing an additional 413,297 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in AZEK by 180.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 36,912 shares of the company's stock worth $1,856,000 after purchasing an additional 23,746 shares during the last quarter. Duality Advisers LP purchased a new position in AZEK during the first quarter worth about $1,357,000. Bessemer Group Inc. boosted its holdings in AZEK by 6.7% during the first quarter. Bessemer Group Inc. now owns 308,554 shares of the company's stock worth $15,494,000 after purchasing an additional 19,274 shares during the last quarter. Finally, Norden Group LLC boosted its holdings in AZEK by 1,234.4% during the first quarter. Norden Group LLC now owns 144,234 shares of the company's stock worth $7,243,000 after purchasing an additional 133,425 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Price Performance

Shares of NYSE AZEK traded up $0.63 during trading hours on Tuesday, hitting $44.40. 2,003,560 shares of the stock were exchanged, compared to its average volume of 1,728,034. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07. The company has a market cap of $6.42 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.88. The company's fifty day simple moving average is $43.77 and its two-hundred day simple moving average is $44.20. AZEK has a 1-year low of $25.16 and a 1-year high of $50.78.

AZEK (NYSE:AZEK - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The firm had revenue of $434.40 million for the quarter, compared to analyst estimates of $396.89 million. During the same quarter last year, the business posted $0.29 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that AZEK will post 1.05 EPS for the current year.

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.