AZEK (NYSE:AZEK) Given “Neutral” Rating at Citigroup

Citigroup reissued their neutral rating on shares of AZEK (NYSE:AZEK) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $51.50 price target on the stock, down from their prior price target of $61.00.

Several other equities analysts have also recently weighed in on AZEK. Barclays lifted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. The Goldman Sachs Group increased their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. William Blair restated a “market perform” rating on shares of AZEK in a research note on Monday. Finally, Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $54.32.

AZEK Price Performance

NYSE AZEK opened at $48.92 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The stock has a market capitalization of $7.03 billion, a P/E ratio of 49.41, a P/E/G ratio of 1.91 and a beta of 1.95. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91. The business’s fifty day moving average is $47.42 and its two-hundred day moving average is $47.28.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, research analysts forecast that AZEK will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the transaction, the chief executive officer now owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 55,000 shares of company stock valued at $2,518,624. Insiders own 3.20% of the company’s stock.

Institutional Trading of AZEK

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of AZEK during the fourth quarter valued at about $27,000. FIL Ltd acquired a new position in AZEK in the 4th quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after acquiring an additional 592 shares in the last quarter. Avalon Trust Co bought a new stake in shares of AZEK in the 4th quarter worth approximately $38,000. Finally, GAMMA Investing LLC grew its holdings in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

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.