Trex (NYSE:TREX) had its price objective boosted by equities researchers at Stifel Nicolaus from $115.00 to $138.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price points to a potential upside of 5.42% from the stock's previous close.
A number of other analysts have also weighed in on TREX. Robert W. Baird started coverage on shares of Trex in a research report on Wednesday, April 29th. They issued a "neutral" rating and a $100.00 target price on the stock. ValuEngine lowered shares of Trex from a "sell" rating to a "strong sell" rating in a research report on Wednesday, April 1st. Deutsche Bank raised their target price on shares of Trex from $88.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday, June 23rd. B. Riley lifted their price target on shares of Trex from $92.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, May 15th. Finally, DA Davidson cut their price target on shares of Trex from $104.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, March 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Trex presently has a consensus rating of "Hold" and an average price target of $104.64.
Shares of Trex stock traded up $2.87 on Tuesday, hitting $130.90. 4,005 shares of the company's stock traded hands, compared to its average volume of 1,155,351. The firm's 50-day moving average price is $120.58 and its two-hundred day moving average price is $98.64. The stock has a market capitalization of $7.64 billion, a PE ratio of 48.82 and a beta of 1.70. Trex has a one year low of $56.22 and a one year high of $132.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.75 and a quick ratio of 2.25.
Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $0.73 EPS for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.13. Trex had a net margin of 20.31% and a return on equity of 36.67%. The company had revenue of $200.40 million during the quarter, compared to the consensus estimate of $196.40 million. During the same period in the prior year, the business posted $0.54 EPS. The company's quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts forecast that Trex will post 2.52 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of TREX. Parallel Advisors LLC boosted its holdings in Trex by 56.5% during the first quarter. Parallel Advisors LLC now owns 313 shares of the construction company's stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Trex in the first quarter valued at approximately $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Trex in the first quarter valued at approximately $31,000. HHM Wealth Advisors LLC bought a new stake in shares of Trex in the first quarter valued at approximately $32,000. Finally, Pearl River Capital LLC bought a new stake in shares of Trex in the first quarter valued at approximately $40,000.
Trex Company Profile
Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
Recommended Story: Back-End Load
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Aggressive Investors Can Buy Now
There’s nothing like a steep market correction to test the risk appetite of even the most seasoned investor. With many investors seeing their 401k’s down 25%, 30% or more, it’s not surprising that many investors are taking money off the table.
And even during the most bullish market conditions, keeping some powder dry is a prudent decision.
But if you have an above-average risk appetite, then sitting on the sidelines is not your cup of tea. If you’re an investor with above-average risk tolerance, there are some opportunities to profit in this market. But you have to be looking in the right places.
At this time, the small-cap sector offers some interesting choices. Small-cap stocks are companies that have a market cap of less than $2 billion. Many of these stocks fall under the category of penny stocks, but that doesn’t make them bad. In some cases, they’re just obscure companies.
But right now, many investors will take growth wherever they can get it. And that’s why you should take a careful look at the 7 stocks we have in this presentation. The cost of entry is not high and the potential reward is worth your interest.
View the "7 Stocks That Aggressive Investors Can Buy Now".