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

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been given a consensus rating of "Hold" by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $53.93.

A number of equities research analysts have recently issued reports on AZEK shares. Stephens dropped their price objective on AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. BMO Capital Markets increased their target price on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, March 24th. William Blair restated a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Loop Capital dropped their target price on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the business'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 owned 852,765 shares of the company's stock, valued at approximately $43,832,121. The trade was a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AZEK

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in AZEK by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock valued at $685,032,000 after purchasing an additional 54,725 shares during the last quarter. FMR LLC raised its position in shares of AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock worth $584,431,000 after acquiring an additional 5,499,986 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after acquiring an additional 429,574 shares in the last quarter. Wasatch Advisors LP raised its position in shares of AZEK by 11.6% in the 4th quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock worth $98,928,000 after acquiring an additional 216,849 shares in the last quarter. Finally, Millennium Management LLC increased its position in AZEK by 217.3% during the 1st quarter. Millennium Management LLC now owns 2,021,778 shares of the company's stock valued at $98,845,000 after buying an additional 1,384,667 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

Shares of NYSE AZEK remained flat at $54.35 during midday trading on Friday. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91. The stock has a market cap of $7.82 billion, a PE ratio of 53.28 and a beta of 1.82. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $51.53 and a 200 day moving average of $48.87.

AZEK (NYSE:AZEK - Get Free Report) last issued 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 return on equity of 13.87% and a net margin of 9.92%. The firm had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. During the same quarter last year, the business earned $0.39 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast 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.