The AZEK Company Inc. (NYSE:AZEK) Given Consensus Rating of "Hold" by Brokerages

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

Several brokerages have issued reports on AZEK. Citigroup reiterated a "neutral" rating and issued a $51.50 price target (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Stephens decreased their price target on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Barclays boosted their price objective on shares of AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group cut their price target on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th.

AZEK Price Performance

Shares of AZEK stock remained flat at $54.35 during mid-day trading on Friday. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29. The company's 50 day simple moving average is $51.53 and its 200-day simple moving average is $48.87. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The company had revenue of $452.23 million during the quarter, compared to analysts' expectations of $444.75 million. During the same quarter in the previous year, the company earned $0.39 EPS. AZEK's revenue was up 8.1% on a year-over-year basis. Analysts expect that AZEK will post 1.34 EPS for the current year.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of AZEK 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 completion of the sale, the chief executive officer directly owned 852,765 shares in the company, valued at $43,832,121. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AZEK

A number of hedge funds have recently modified their holdings of the company. FIL Ltd purchased a new position in shares of AZEK in the fourth quarter worth $28,000. NBC Securities Inc. bought a new position in AZEK during the first quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of AZEK by 623.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of AZEK by 261.4% in 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 last quarter. Finally, Avalon Trust Co bought a new position in shares of AZEK in the fourth quarter worth about $38,000. 97.44% of the stock is currently owned by institutional investors.

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.