UBS Group Issues Pessimistic Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its price objective dropped by stock analysts at UBS Group from $76.00 to $74.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 20.25% from the company’s previous close.

Several other research firms have also recently commented on TREX. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Bank of America cut their price target on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird upped their price target on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Citigroup cut their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets upped their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Trex currently has a consensus rating of “Hold” and an average price target of $78.38.

Trex Trading Down 1.4 %

TREX stock opened at $61.54 on Tuesday. The company has a market capitalization of $6.59 billion, a P/E ratio of 28.10, a PEG ratio of 2.51 and a beta of 1.51. Trex has a twelve month low of $58.68 and a twelve month high of $101.91. The business has a 50 day simple moving average of $69.34 and a 200-day simple moving average of $68.69.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million during the quarter, compared to analysts’ expectations of $160.54 million. Research analysts predict that Trex will post 2.04 EPS for the current fiscal year.

Institutional Trading of Trex

A number of large investors have recently made changes to their positions in TREX. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex during the third quarter valued at $30,000. Mather Group LLC. boosted its stake in shares of Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after acquiring an additional 191 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares during the last quarter. Huntington National Bank boosted its stake in shares of Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $39,000 after acquiring an additional 393 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Trex during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.