Trex - TREX Stock Forecast, Price & News

Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; and Trex Signature aluminum railing for a contemporary look. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. In addition, it designs, engineers, and markets architectural and aluminum railing systems, and staging equipment and accessories for the commercial market, as well as sports stadiums and performing arts venues. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, Cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores, as well as through its direct sales staff, independent sales representatives, and bidding on projects. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.

Wall Street Analyst Weigh In

Several research firms have recently commented on TREX. Bank of America started coverage on shares of Trex in a report on Monday, April 25th. They issued an "underperform" rating and a $60.00 price target for the company. Exane BNP Paribas upgraded Trex from an "underperform" rating to a "neutral" rating in a research report on Friday, May 20th. Credit Suisse Group upgraded Trex from an "underperform" rating to a "neutral" rating and set a $65.00 price objective for the company in a research report on Tuesday, May 10th. Stifel Nicolaus dropped their target price on Trex from $77.00 to $68.00 in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Trex from $66.00 to $54.00 in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $76.53.

Trex Stock Performance

TREX traded down $1.40 during trading on Monday, reaching $57.58. The company had a trading volume of 789,243 shares, compared to its average volume of 1,320,202. Trex has a 12-month low of $49.31 and a 12-month high of $140.98. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 8.58 and a beta of 1.49. The firm's 50-day simple moving average is $58.38 and its 200 day simple moving average is $66.71.

Trex (NYSE:TREX - Get Rating) last released its quarterly earnings results on Monday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Trex had a net margin of 18.94% and a return on equity of 42.33%. The business had revenue of $386.25 million for the quarter, compared to analyst estimates of $380.22 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm's revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts expect that Trex will post 1.86 EPS for the current year.