DA Davidson Predicts AZEK’s FY2025 Earnings (NYSE:AZEK)

The AZEK Company Inc. (NYSE:AZEK) – Investment analysts at DA Davidson increased their FY2025 EPS estimates for shares of AZEK in a research note issued on Wednesday, November 20th. DA Davidson analyst K. Yinger now anticipates that the company will post earnings per share of $1.57 for the year, up from their previous forecast of $1.35. DA Davidson has a “Neutral” rating and a $50.00 price objective on the stock. The consensus estimate for AZEK’s current full-year earnings is $1.26 per share.

A number of other research analysts also recently commented on the company. UBS Group reduced their target price on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Friday, October 4th. Royal Bank of Canada boosted their target price on shares of AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays raised their price target on shares of AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.24.

AZEK Stock Up 2.3 %

NYSE:AZEK opened at $50.98 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 49.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88. AZEK has a one year low of $31.16 and a one year high of $51.03. The stock has a 50-day simple moving average of $45.41 and a 200 day simple moving average of $44.29.

Institutional Trading of AZEK

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Equitable Trust Co. raised its position in AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after acquiring an additional 226 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of AZEK by 3.7% in the 1st quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after purchasing an additional 251 shares in the last quarter. Creative Planning lifted its stake in AZEK by 6.6% during the third quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd boosted its holdings in AZEK by 18.8% during the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after buying an additional 436 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares in the last quarter. 97.44% of the stock is currently 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.