The AZEK Company Inc. (NYSE:AZEK) Receives $53.93 Consensus Target Price from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.93.

A number of equities research analysts have commented on AZEK shares. UBS Group cut their target price on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James set a $51.50 price objective on shares of AZEK in a research report on Tuesday, March 25th. Stephens cut their price objective on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. William Blair reissued a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Finally, Loop Capital lowered their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the transaction, the chief executive officer now directly owns 852,765 shares in the company, valued at approximately $43,832,121. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AZEK

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in AZEK by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after purchasing an additional 24,249 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of AZEK during the fourth quarter valued at approximately $717,000. Raymond James Financial Inc. purchased a new position in shares of AZEK during the fourth quarter valued at approximately $19,436,000. Sanctuary Advisors LLC increased its position in AZEK by 6.1% during the fourth quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company's stock worth $620,000 after purchasing an additional 689 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of AZEK by 1,047.4% in the 4th quarter. Principal Financial Group Inc. now owns 135,364 shares of the company's stock valued at $6,426,000 after acquiring an additional 123,567 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Price Performance

Shares of AZEK stock traded down $0.82 on Wednesday, reaching $53.33. The company's stock had a trading volume of 1,781,173 shares, compared to its average volume of 2,408,721. The company has a market capitalization of $7.67 billion, a P/E ratio of 53.87, a PEG ratio of 1.91 and a beta of 1.82. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91. The stock's 50 day simple moving average is $49.77 and its 200-day simple moving average is $48.92.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities analysts predict that AZEK will post 1.34 earnings per share for the current fiscal year.

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.