The AZEK Company Inc. (NYSE:AZEK) Given Average Recommendation of "Hold" by Brokerages

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $53.53.

Several equities research analysts have weighed in on AZEK shares. Barclays reduced their price objective on AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Citigroup reaffirmed a "neutral" rating and issued a $51.50 price objective (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Raymond James set a $51.50 price objective on shares of AZEK in a research note on Tuesday, March 25th. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AZEK

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in AZEK during the 4th quarter worth approximately $27,000. FIL Ltd acquired a new position in AZEK during the fourth quarter worth $28,000. NBC Securities Inc. bought a new position in AZEK during the first quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after acquiring an additional 592 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in AZEK by 261.4% during the first quarter. Parallel Advisors LLC now owns 683 shares of the company's stock worth $33,000 after purchasing an additional 494 shares during the period. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Down 0.2 %

Shares of AZEK stock traded down $0.08 during mid-day trading on Tuesday, reaching $49.41. 967,200 shares of the company's stock traded hands, compared to its average volume of 2,203,695. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company's 50-day moving average price is $45.83 and its 200-day moving average price is $47.66. The company has a market cap of $7.10 billion, a P/E ratio of 49.91, a P/E/G ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping 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%. On average, equities analysts expect that AZEK will post 1.34 earnings per share for the current fiscal year.

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.