Brokerages Set The AZEK Company Inc. (NYSE:AZEK) Price Target at $54.00

Shares of The AZEK Company Inc. (NYSE:AZEK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $54.85.

AZEK has been the topic of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. DA Davidson lifted their target price 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. The Goldman Sachs Group lifted their target price on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, BMO Capital Markets lifted their target price on shares of AZEK from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Thursday.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 923,765 shares of the company's stock, valued at $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the transaction, the chief marketing officer now directly 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. Over the last ninety days, insiders sold 41,322 shares of company stock valued at $2,039,170. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AZEK

Several hedge funds have recently modified their holdings of AZEK. Wealthfront Advisers LLC acquired a new stake in AZEK in the fourth quarter valued at $15,271,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AZEK by 7.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,629 shares of the company's stock valued at $3,115,000 after acquiring an additional 4,831 shares during the period. Amundi lifted its holdings in AZEK by 271.1% in the fourth quarter. Amundi now owns 43,544 shares of the company's stock valued at $2,013,000 after acquiring an additional 31,811 shares during the period. Lisanti Capital Growth LLC acquired a new stake in AZEK in the fourth quarter valued at $4,056,000. Finally, Raymond James Financial Inc. acquired a new stake in AZEK in the fourth quarter valued at $19,436,000. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Stock Performance

Shares of NYSE:AZEK traded down $0.93 during trading on Thursday, hitting $50.11. 1,664,963 shares of the stock traded hands, compared to its average volume of 1,587,898. The company has a quick ratio of 1.14, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 50.62, a P/E/G ratio of 2.19 and a beta of 1.94. The company has a fifty day moving average price of $50.23 and a two-hundred day moving average price of $46.41. AZEK has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly 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, equities analysts predict that AZEK will post 1.29 EPS for the current year.

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.