The AZEK Company Inc. (NYSE:AZEK) Receives Average Recommendation of "Moderate Buy" from Analysts

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $52.67.

Several brokerages have commented on AZEK. BMO Capital Markets lifted their price objective on shares of AZEK from $49.00 to $51.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upped their price objective on AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird raised their target price on AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Barclays upped their price target on AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st.

AZEK Trading Down 0.8 %

Shares of AZEK stock opened at $52.74 on Wednesday. The firm has a market cap of $7.54 billion, a PE ratio of 50.71, a P/E/G ratio of 2.40 and a beta of 1.92. AZEK has a 1 year low of $35.38 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The stock has a fifty day moving average price of $48.03 and a 200-day moving average price of $45.07.

Insiders Place Their Bets

In related news, CMO Samara Toole sold 1,709 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AZEK

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock valued at $665,702,000 after buying an additional 3,595,863 shares in the last quarter. FMR LLC increased its position in AZEK by 57.9% in the third quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after purchasing an additional 2,497,074 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in AZEK during the second quarter valued at $86,719,000. Interval Partners LP grew its stake in shares of AZEK by 162.4% in the 2nd quarter. Interval Partners LP now owns 742,749 shares of the company's stock worth $31,292,000 after buying an additional 459,664 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of AZEK by 73.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company's stock worth $47,093,000 after buying an additional 425,609 shares during the last quarter. 97.44% of the stock is 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.