Robert W. Baird Issues Positive Forecast for AZEK (NYSE:AZEK) Stock Price

AZEK (NYSE:AZEK - Get Free Report) had its target price increased by equities research analysts at Robert W. Baird from $54.00 to $58.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 15.75% from the company's previous close.

AZEK has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. DA Davidson increased their price target on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Citigroup upgraded shares of AZEK from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $51.00 to $60.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Benchmark reissued a "buy" rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, AZEK presently has a consensus rating of "Moderate Buy" and an average target price of $54.85.

AZEK Trading Down 1.8 %

AZEK stock traded down $0.93 during trading on Wednesday, hitting $50.11. The company had a trading volume of 1,664,963 shares, compared to its average volume of 1,587,898. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The company's 50 day simple moving average is $50.23 and its 200-day simple moving average is $46.41.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. As a group, analysts expect that AZEK will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the transaction, the chief executive officer now owns 923,765 shares of the company's stock, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Samara Toole sold 1,709 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares of the company's stock, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,322 shares of company stock valued at $2,039,170 over the last quarter. Corporate insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AZEK. Empowered Funds LLC purchased a new stake in AZEK during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of AZEK during the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its stake in shares of AZEK by 183.1% in the third 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 acquired a new stake in AZEK in the third quarter valued at $39,000. Finally, GAMMA Investing LLC boosted its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after acquiring an additional 239 shares during the last quarter. 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.