Analysts Set The AZEK Company Inc. (NYSE:AZEK) Target Price at $54.00

Shares of The AZEK Company Inc. (NYSE:AZEK) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $54.85.

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. The Goldman Sachs Group boosted their price target on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their price target on AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, DA Davidson boosted their price target on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th.

AZEK Stock Down 2.3 %

Shares of NYSE AZEK opened at $49.07 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56. AZEK has a 52 week low of $35.48 and a 52 week high of $54.91. The stock has a market capitalization of $7.02 billion, a P/E ratio of 49.57, a PEG ratio of 2.19 and a beta of 1.94. The stock’s fifty day moving average is $50.01 and its 200 day moving average is $46.55.

AZEK (NYSE:AZEK) last released its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Sell-side analysts forecast that AZEK will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at $881,496. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,709 shares of company stock worth $3,060,151. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in AZEK by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company’s stock valued at $685,032,000 after purchasing an additional 54,725 shares during the period. Wellington Management Group LLP grew its stake in AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after purchasing an additional 3,595,863 shares during the period. FMR LLC grew its stake in AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares during the period. Alliancebernstein L.P. grew its stake in AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock valued at $156,396,000 after purchasing an additional 429,574 shares during the period. Finally, State Street Corp grew its stake in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Institutional investors own 97.44% of the company’s stock.

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.