Brokerages Set The AZEK Company Inc. (NYSE:AZEK) PT at $53.53

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been given an average recommendation of "Hold" by the sixteen analysts that are covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $53.53.

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, March 24th. Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Loop Capital reduced their price objective on shares of AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Citigroup reissued a "neutral" rating and set a $51.50 target price (down from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Finally, William Blair reiterated a "market perform" rating on shares of AZEK in a research note on Monday, March 24th.

AZEK Stock Down 0.3 %

Shares of AZEK stock traded down $0.15 during trading on Tuesday, hitting $49.34. 602,258 shares of the company were exchanged, compared to its average volume of 2,197,137. The business's 50-day simple moving average is $45.86 and its 200 day simple moving average is $47.62. AZEK has a twelve month low of $35.48 and a twelve month high of $54.91. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 1.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56.

AZEK (NYSE:AZEK - Get Free Report) last issued its 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%. As a group, analysts forecast that AZEK will post 1.34 EPS for the current fiscal year.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AZEK

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after buying an additional 5,499,986 shares in the last quarter. Norges Bank bought a new position in shares of AZEK during the fourth quarter valued at $94,987,000. Balyasny Asset Management L.P. boosted its stake in shares of AZEK by 493.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,681,629 shares of the company's stock valued at $79,827,000 after purchasing an additional 1,398,340 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in AZEK by 1,280.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,116,458 shares of the company's stock worth $54,584,000 after buying an additional 1,035,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of AZEK by 72.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company's stock valued at $92,903,000 after acquiring an additional 823,588 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

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.