Analysts Set The AZEK Company Inc. (NYSE:AZEK) Price Target at $53.93

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.93.

A number of research firms recently issued reports on AZEK. UBS Group decreased their target price on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Raymond James set a $51.50 price target on AZEK in a research report on Tuesday, March 25th. Baird R W cut AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Robert W. Baird boosted their price objective on AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Barclays upped their target price on shares of AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the chief executive officer now directly owns 852,765 shares of the company's stock, valued at $43,832,121. This represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On AZEK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZEK. FMR LLC increased its holdings in shares of AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after acquiring an additional 5,499,986 shares during the period. Norges Bank purchased a new position in AZEK during the 4th quarter worth $94,987,000. Pentwater Capital Management LP acquired a new position in AZEK in the first quarter valued at $75,381,000. Citigroup Inc. raised its holdings in shares of AZEK by 1,893.5% in the first quarter. Citigroup Inc. now owns 1,542,614 shares of the company's stock valued at $75,418,000 after buying an additional 1,465,233 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of AZEK by 493.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,681,629 shares of the company's stock valued at $79,827,000 after buying an additional 1,398,340 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Stock Down 0.4%

Shares of NYSE AZEK traded down $0.23 during midday trading on Wednesday, hitting $54.02. The company's stock had a trading volume of 472,854 shares, compared to its average volume of 2,390,550. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 54.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.82. The business's fifty day simple moving average is $49.38 and its two-hundred day simple moving average is $48.91. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91.

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