Shares of Trex Company, Inc. (NYSE:TREX – Get Free Report) have earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $80.88.
TREX has been the subject of several research analyst reports. Stephens lowered shares of Trex from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $115.00 to $72.00 in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Bank of America cut their target price on Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. UBS Group lowered their price target on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Loop Capital lowered Trex from a “buy” rating to a “hold” rating and cut their price objective for the company from $95.00 to $75.00 in a report on Wednesday, August 7th.
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Institutional Investors Weigh In On Trex
Trex Trading Up 1.0 %
Shares of TREX stock opened at $68.12 on Friday. The company has a market cap of $7.40 billion, a PE ratio of 29.24, a PEG ratio of 2.31 and a beta of 1.50. Trex has a 12-month low of $53.59 and a 12-month high of $101.91. The business’s fifty day simple moving average is $67.25 and its 200-day simple moving average is $79.86.
Trex (NYSE:TREX – Get Free Report) last announced its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, equities analysts forecast that Trex will post 2.03 earnings per share for the current year.
About Trex
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.
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