AZEK (AZEK) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AZEK in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZEK shares.
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16 brokerages have issued 12-month price targets for AZEK's shares. Their AZEK share price forecasts range from $16.00 to $34.00. On average, they anticipate the company's share price to reach $28.17 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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AZEK's stock was trading at $20.32 at the start of the year. Since then, AZEK stock has increased by 28.5% and is now trading at $26.12.
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AZEK saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,760,000 shares, a decline of 7.3% from the April 15th total of 8,370,000 shares. Based on an average daily volume of 1,690,000 shares, the short-interest ratio is presently 4.6 days. Currently, 5.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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The AZEK Company Inc. (NYSE:AZEK) announced its earnings results on Thursday, May, 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The company earned $377.69 million during the quarter, compared to analyst estimates of $356.45 million. AZEK had a trailing twelve-month return on equity of 5.49% and a net margin of 1.02%.

ETFs with the largest weight of AZEK (NYSE:AZEK) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), BlackRock Future Innovators ETF (BFTR), Gabelli Automation ETF (GAST), Hoya Capital Housing ETF (HOMZ), Renaissance IPO ETF (IPO), iShares U.S. Infrastructure ETF (IFRA), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and iShares U.S. Home Construction ETF (ITB).

AZEK updated its third quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $358.00 million-$378.00 million, compared to the consensus revenue estimate of $372.33 million.

47 employees have rated AZEK Chief Executive Officer Jesse Singh on Glassdoor.com. Jesse Singh has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AZEK investors own include GrowGeneration (GRWG), Nikola (NKLA), Alexion Pharmaceuticals (ALXN), Ally Financial (ALLY), Allogene Therapeutics (ALLO), Alaska Air Group (ALK), AAR (AIR), Airbus (AIR), American International Group (AIG) and Aurora Cannabis (ACB).

(AZEK) raised $626 million in an initial public offering on Friday, June 12th 2020. The company issued 31,300,000 shares at $19.00-$21.00 per share. Barclays, BofA Securities, Goldman Sachs and Jefferies acted as the underwriters for the IPO and Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, B. Riley FBR, Baird, Stephens, Stifel, SunTrust Robinson Humphrey and William Blair were co-managers.

AZEK trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZEK."

AZEK's stock is owned by many different retail and institutional investors. Top institutional investors include Ares Management LLC (9.50%), Ontario Teachers Pension Plan Board (9.50%), Ontario Teachers Pension Plan Board (9.49%), Wellington Management Group LLP (6.12%), BlackRock Inc. (3.96%) and Impax Asset Management Group plc (2.08%). Insiders that own company stock include Bobby Gentile, Corporate Opportunities F Ares, Dennis M Kitchen, Gary E Hendrickson, Greg Jorgensen, Howard C Heckes, Jayson Donald Alexander Dallas, Jesse G Singh, Jesse G Singh, Joe Ochoa, Jonathan Skelly, Michelle A Kasson, Paul J Kardish, Paul J Kardish, Peter G Clifford, Ralph J Nicoletti, Ralph J Nicoletti, Sandra Lamartine, Scott Vanwinter, Teachers Pension Plan Ontario and Vernon J Nagel.
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Shares of AZEK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AZEK stock can currently be purchased for approximately $26.12.

AZEK (NYSE:AZEK) has a market capitalization of $3.94 billion and generates $1.29 billion in revenue each year. The company earns $75.22 million in net income (profit) each year or $0.09 on an earnings per share basis.

The company employs 2,182 workers across the globe.

AZEK's mailing address is 1330 W FULTON STREET SUITE 350, CHICAGO IL, 60607. The official website for the company is azekco.com. The company can be reached via phone at 877-275-2935 or via email at ir@azekco.com.