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Trex (TREX) Stock Forecast & Price Target

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$68.88 +1.45 (+2.15%)
(As of 11/20/2024 ET)

Trex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
10
Buy
6

Based on 17 Wall Street analysts who have issued ratings for Trex in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 1 has given a sell rating, 10 have given a hold rating, and 6 have given a buy rating for TREX.

Consensus Price Target

$79.94
16.05% Upside
According to the 17 analysts' twelve-month price targets for Trex, the average price target is $79.94. The highest price target for TREX is $100.00, while the lowest price target for TREX is $67.00. The average price target represents a forecasted upside of 16.05% from the current price of $68.88.
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TREX Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$79.94$80.38$80.88$74.76
Forecasted Upside16.05% Upside27.72% Upside19.80% Upside10.62% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy
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TREX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TREX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Trex Stock vs. The Competition

TypeTrexConstruction CompaniesS&P 500
Consensus Rating Score
2.29
2.62
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside16.05% Upside11.70% Upside9.81% Upside
News Sentiment Rating
Positive News

See Recent TREX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/29/2024DA Davidson
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$70.00 ➝ $74.00+5.35%
10/29/2024BMO Capital Markets
4 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$67.00 ➝ $72.00+4.23%
10/29/2024Barclays
3 of 5 stars
 Lower TargetUnderweight ➝ Underweight$68.00 ➝ $67.00+0.78%
10/29/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $78.00+17.33%
10/9/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$77.00 ➝ $73.00+12.92%
8/12/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$95.00 ➝ $69.00+14.13%
8/8/2024Benchmark
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 Lower TargetBuy ➝ Buy$105.00 ➝ $80.00+32.80%
8/7/2024Bank of America
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 Lower TargetBuy ➝ Buy$97.00 ➝ $85.00+39.32%
8/7/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$104.00 ➝ $79.00+31.14%
8/7/2024B. Riley
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 Lower TargetBuy ➝ Buy$107.00 ➝ $97.00+61.02%
8/7/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$110.00 ➝ $85.00+41.10%
8/7/2024Truist Financial
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 Lower TargetBuy ➝ Buy$120.00 ➝ $100.00+61.79%
8/7/2024Loop Capital
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J. Stevenson
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DowngradeBuy ➝ Hold$95.00 ➝ $75.00-1.91%
8/7/2024Stephens
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T. Grooms
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DowngradeOverweight ➝ Equal Weight$115.00 ➝ $72.00-5.83%
7/11/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$94.00 ➝ $80.00+2.64%
7/10/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$114.00 ➝ $93.00+26.05%
12/12/2023Wolfe Research
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 Initiated CoveragePeer Perform
8/2/2023Credit Suisse Group
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 Boost TargetUnderperform ➝ Underperform$47.00 ➝ $58.00-23.64%
5/9/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$71.00 ➝ $72.00+17.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:55 AM ET.


TREX Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Trex is $79.94, with a high forecast of $100.00 and a low forecast of $67.00.

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Trex in the last year. There is currently 1 sell rating, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TREX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TREX, but not buy additional shares or sell existing shares.

According to analysts, Trex's stock has a predicted upside of 16.05% based on their 12-month stock forecasts.

Trex has been rated by research analysts at Barclays, BMO Capital Markets, DA Davidson, Jefferies Financial Group, and Robert W. Baird in the past 90 days.

Analysts like Trex less than other "construction" companies. The consensus rating for Trex is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how TREX compares to other companies.


This page (NYSE:TREX) was last updated on 11/21/2024 by MarketBeat.com Staff
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