AZEK (NYSE:AZEK) Given New $58.00 Price Target at Robert W. Baird

AZEK (NYSE:AZEK) had its target price boosted by Robert W. Baird from $54.00 to $58.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also weighed in on AZEK. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $60.00 in a research note on Monday, January 6th. Truist Financial boosted their price objective on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

AZEK Price Performance

NYSE AZEK opened at $51.40 on Wednesday. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91. The firm’s 50 day moving average is $50.31 and its 200-day moving average is $46.33. The company has a market capitalization of $7.35 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 2.23 and a beta of 1.94. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 10.68% and a return on equity of 12.68%. Equities research analysts anticipate that AZEK will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AZEK news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. The trade was a 9.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the sale, the chief executive officer now directly owns 904,152 shares of the company’s stock, valued at $40,668,756.96. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,322 shares of company stock valued at $2,039,170. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On AZEK

A number of hedge funds have recently added to or reduced their stakes in AZEK. Equitable Trust Co. increased its position in shares of 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 purchasing an additional 226 shares during the period. GAMMA Investing LLC lifted its position in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares during the period. Truist Financial Corp increased its holdings in AZEK by 1.6% in the 4th quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock valued at $793,000 after buying an additional 255 shares during the period. Smartleaf Asset Management LLC raised its position in shares of AZEK by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $146,000 after buying an additional 352 shares in the last quarter. Finally, Creative Planning raised its position in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after buying an additional 430 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

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.