AZEK (AZEK) Stock Price, News & Analysis

Company Overview

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. The Commercial segment offers bathroom partitions, shower and dressing stalls, lockers and other storage solutions, and engineered plastic sheet products under the Aria, Eclipse, Hiny Hiders, TuffTec, and Duralife brands. This segment also offers bathroom partitions, shower and dressing stalls, lockers, storage solutions, extruded plastic sheet, and non-fabricated products under the Aria, Eclipse, Hiny Hiders, TuffTec, and Duralife brands. The company was formerly known as Delaware corporation and changed its name to The AZEK Company Inc. in June 2020. The AZEK Company Inc. was incorporated in 2013 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $46.53 to $47.34
• 50-Day Range: $36.83 to $46.90
• 52-Week Range: $25.03 to $50.78
• Volume: 1.31 million shs
• Average Volume: 1.76 million shs
• Market Capitalization: $6.81 billion
• P/E Ratio: 45.85
• Dividend Yield: N/A
• Price Target: $48.24
• Consensus Rating: Moderate Buy

AZEK Stock Analysis - MarketRank™

AZEK scored higher than 75% of companies evaluated by MarketBeat, and ranked 48th out of 105 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AZEK has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

AZEK has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.86%

Earnings Growth

Earnings for AZEK are expected to grow by 22.86% in the coming year, from $1.05 to $1.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AZEK is 45.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of AZEK is 45.85, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 24.55.

Price to Earnings Growth Ratio

AZEK has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

AZEK has a P/B Ratio of 4.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.29% of the float of AZEK has been sold short.

Short Interest Ratio / Days to Cover

AZEK has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AZEK has recently decreased by 4.40%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

AZEK does not currently pay a dividend.

Dividend Growth

AZEK does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.29% of the float of AZEK has been sold short.

Short Interest Ratio / Days to Cover

AZEK has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AZEK has recently decreased by 4.40%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.26

News Sentiment

AZEK has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for AZEK this week, compared to 6 articles on an average week.

MarketBeat Follows

Only 1 people have added AZEK to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AZEK insiders have sold 5,384.21% more of their company's stock than they have bought. Specifically, they have bought $25,020.00 in company stock and sold $1,372,150.00 in company stock.

Percentage Held by Insiders

Only 3.10% of the stock of AZEK is held by insiders.

Percentage Held by Institutions

97.44% of the stock of AZEK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AZEK Stock Analysis - Frequently Asked Questions

How have AZEK shares performed this year?

AZEK's stock was trading at $38.25 at the beginning of 2024. Since then, AZEK shares have increased by 22.3% and is now trading at $46.77.
View the best growth stocks for 2024 here.

How were AZEK's earnings last quarter?

The AZEK Company Inc. (NYSE:AZEK) posted its quarterly earnings data on Wednesday, August, 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The company's quarterly revenue was up 12.1% compared to the same quarter last year.

How will AZEK's stock buyback program work?

AZEK's Board of Directors authorized a share repurchase program on Monday, June 17th 2024, which authorizes the company to repurchase $600,000,000 in shares, according to EventVestor. This means that the company could purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

When did AZEK IPO?

AZEK (AZEK) raised $626 million in an initial public offering on Friday, June 12th 2020. The company issued 31,300,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Securities, Goldman Sachs and Jefferies served as the underwriters for the IPO and Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, B. Riley FBR, Baird, Stephens, Stifel, SunTrust Robinson Humphrey and William Blair were co-managers.

How do I buy shares of AZEK?

Shares of AZEK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AZEK own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AZEK investors own include GrowGeneration (GRWG), Nikola (NKLA), Alexion Pharmaceuticals (ALXN), Ally Financial (ALLY), Allogene Therapeutics (ALLO), Alaska Air Group (ALK) and AAR (AIR).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/29/2024
• Fiscal Year End: 9/30/2024
• Next Earnings (Estimated): 11/26/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Rubber And Plastic Products
• Current Symbol: NYSE:AZEK
• CUSIP: N/A
• CIK: 1782754
• Web: azekco.com
• Phone: 877-275-2935
• Fax: N/A
• Employees: 2,236
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $48.24
• High Stock Price Target: $58.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +3.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.02
• Trailing P/E Ratio: 45.85
• Forward P/E Ratio: 44.54
• P/E Growth: 1.43
• Net Income: $62.36 million
• Net Margins: 11.35%
• Pretax Margin: 15.28%
• Return on Equity: 13.38%
• Return on Assets: 8.00%

Debt

• Debt-to-Equity Ratio: 0.41
• Current Ratio: 3.07
• Quick Ratio: 2.11

Sales & Book Value

• Annual Sales: $1.48 billion
• Price / Sales: 4.59
• Cash Flow: $1.65 per share
• Price / Cash Flow: 28.40
• Book Value: $9.55 per share
• Price / Book: 4.90

Miscellaneous

• Outstanding Shares: 145,519,000
• Free Float: 141,008,000
• Market Cap: $6.81 billion
• Optionable: Optionable
• Beta: 1.87