The AZEK Company Inc. (NYSE:AZEK) Given Average Rating of "Moderate Buy" by Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $53.73.

AZEK has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Barclays boosted their price objective on AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Citigroup upgraded AZEK from a "neutral" rating to a "buy" rating and increased their target price for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Robert W. Baird boosted their price target on AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a "buy" rating and set a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st.

AZEK Stock Performance

Shares of AZEK stock traded down $1.43 on Friday, reaching $44.80. The stock had a trading volume of 2,417,832 shares, compared to its average volume of 1,682,172. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. 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 firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 43.08, a P/E/G ratio of 2.40 and a beta of 1.94. The firm's 50-day moving average is $49.49 and its two-hundred day moving average is $45.38.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total value of $1,066,400.00. Following the sale, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Samara Toole sold 1,709 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the transaction, the chief marketing officer now owns 16,632 shares of the company's stock, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On AZEK

Several large investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in AZEK during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC boosted its position in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock valued at $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK during the third quarter worth approximately $39,000. GAMMA Investing LLC increased its holdings in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company's stock valued at $44,000 after buying an additional 480 shares during the period. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.