The AZEK Company Inc. (NYSE:AZEK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.12.

A number of brokerages have issued reports on AZEK. Stifel Nicolaus decreased their price target on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada cut their price objective on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of AZEK in a research report on Friday, August 9th. Barclays reduced their price target on AZEK from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, August 13th.

Insider Activity at AZEK

In other news, Director Pamela J. Edwards purchased 600 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $41.70 per share, with a total value of $25,020.00. Following the transaction, the director now owns 8,708 shares in the company, valued at $363,123.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AZEK news, Director Pamela J. Edwards bought 600 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the purchase, the director now directly owns 8,708 shares in the company, valued at $363,123.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the transaction, the chief executive officer now directly owns 186,705 shares in the company, valued at approximately $7,742,656.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Trading of AZEK

Institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new stake in AZEK during the second quarter worth about $86,719,000. Price T Rowe Associates Inc. MD boosted its position in AZEK by 66.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock valued at $73,631,000 after buying an additional 587,107 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of AZEK in the first quarter worth $26,360,000. Interval Partners LP raised its stake in shares of AZEK by 162.4% in the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock valued at $31,292,000 after acquiring an additional 459,664 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in AZEK by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock valued at $677,082,000 after purchasing an additional 413,297 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

AZEK opened at $43.78 on Tuesday. The firm has a 50 day moving average of $43.77 and a two-hundred day moving average of $44.20. The firm has a market capitalization of $6.37 billion, a PE ratio of 42.92, a P/E/G ratio of 1.10 and a beta of 1.88. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. AZEK has a 12-month low of $25.16 and a 12-month high of $50.78.

AZEK (NYSE:AZEK) last issued its earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $434.40 million during the quarter, compared to analysts’ expectations of $396.89 million. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts anticipate that AZEK will post 1.05 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.