The AZEK Company Inc. (NYSE:AZEK) Receives $49.24 Consensus PT from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.82.

AZEK has been the subject of a number of recent research reports. Barclays upped their target price on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets boosted their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. DA Davidson lifted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price target on shares of AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, UBS Group dropped their price target on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after buying an additional 3,595,863 shares during the period. FMR LLC increased its position in AZEK by 57.9% in the third quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after buying an additional 2,497,074 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in AZEK during the 2nd quarter worth approximately $86,719,000. Price T Rowe Associates Inc. MD lifted its stake in shares of AZEK by 66.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock valued at $73,631,000 after buying an additional 587,107 shares in the last quarter. Finally, Interval Partners LP lifted its position in shares of AZEK by 162.4% in the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock valued at $31,292,000 after acquiring an additional 459,664 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE AZEK opened at $52.26 on Friday. The firm’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $44.38. The stock has a market cap of $7.56 billion, a PE ratio of 50.25, a PEG ratio of 2.38 and a beta of 1.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. AZEK has a fifty-two week low of $31.17 and a fifty-two week high of $54.16.

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.