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NYSE:TREX

Trex - TREX Stock Forecast, Price & News

$57.73
+0.55 (+0.96%)
(As of 08/12/2022 02:33 PM ET)
Add
Compare
Today's Range
$56.81
$58.30
50-Day Range
$50.07
$66.09
52-Week Range
$49.31
$140.98
Volume
18,579 shs
Average Volume
1.37 million shs
Market Capitalization
$6.37 billion
P/E Ratio
25.43
Dividend Yield
N/A
Price Target
$76.53

Trex MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
32.6% Upside
$76.53 Price Target
Short Interest
Bearish
9.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.02mentions of Trex in the last 14 days
Based on 53 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.85%
From $2.03 to $2.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Construction Sector

40th out of 105 stocks

Lumber & Wood Products, Except Furniture Industry

1st out of 4 stocks

TREX stock logo

About Trex (NYSE:TREX) Stock

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.

Trex Price Performance

Shares of NYSE:TREX traded up $0.57 during trading hours on Friday, hitting $57.75. 11,917 shares of the company's stock traded hands, compared to its average volume of 1,373,233. Trex has a 1 year low of $49.31 and a 1 year high of $140.98. The business has a fifty day moving average price of $58.65 and a 200-day moving average price of $67.43. The firm has a market capitalization of $6.37 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 7.65 and a beta of 1.48.

Trex (NYSE:TREX - Get Rating) last announced its earnings results on Monday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Trex had a return on equity of 42.33% and a net margin of 18.94%. The business had revenue of $386.25 million during 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 company's revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, equities analysts predict that Trex will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

TREX has been the topic of a number of recent research reports. Exane BNP Paribas raised Trex from an "underperform" rating to a "neutral" rating in a report on Friday, May 20th. Stephens decreased their target price on Trex from $90.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Trex from $66.00 to $54.00 in a report on Friday, July 15th. BNP Paribas raised Trex from an "underperform" rating to a "neutral" rating and set a $75.00 price target on the stock in a report on Friday, May 20th. Finally, BMO Capital Markets decreased their price target on Trex from $102.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $76.53.

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TREX Stock News Headlines

Trex (NYSE:TREX) Price Target Cut to $65.00
DA Davidson Cuts Trex (NYSE:TREX) Price Target to $58.00
Trex (NYSE:TREX) PT Lowered to $68.00
Trex (NYSE:TREX) Given New $65.00 Price Target at Stephens
Trex (NYSE:TREX) Given New $53.00 Price Target at Barclays
Here's Why Trex Stock Got Hammered Today
Trex: Q2 Earnings Snapshot - Greenwich Time
Trex (TREX) Beats Q2 Earnings and Revenue Estimates
Trex Co: Q2 Earnings Insights - Benzinga
Trex Company Reports Second Quarter 2022 Results
See More Headlines
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TREX Company Calendar

Last Earnings
8/08/2022
Today
8/12/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Lumber & wood products, except furniture
Sub-Industry
Building Products
CUSIP
89531P10
Employees
1,924
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$76.53
High Stock Price Forecast
$111.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+32.6%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
18 Analysts

Profitability

Net Income
$208.74 million
Pretax Margin
25.01%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$2.91 per share
Book Value
$5.82 per share

Miscellaneous

Free Float
112,486,000
Market Cap
$6.37 billion
Optionable
Optionable
Beta
1.48

Social Links















TREX Stock - Frequently Asked Questions

Should I buy or sell Trex stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trex in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TREX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TREX, but not buy additional shares or sell existing shares.
View TREX analyst ratings
or view top-rated stocks.

What is Trex's stock price forecast for 2022?

18 brokerages have issued 12 month price objectives for Trex's stock. Their TREX share price forecasts range from $53.00 to $111.00. On average, they expect the company's share price to reach $76.53 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for TREX
or view top-rated stocks among Wall Street analysts.

How have TREX shares performed in 2022?

Trex's stock was trading at $135.03 at the beginning of the year. Since then, TREX stock has decreased by 57.2% and is now trading at $57.73.
View the best growth stocks for 2022 here
.

When is Trex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our TREX earnings forecast
.

How were Trex's earnings last quarter?

Trex Company, Inc. (NYSE:TREX) issued its 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. The construction company had revenue of $386.25 million for the quarter, compared to analyst estimates of $380.22 million. Trex had a trailing twelve-month return on equity of 42.33% and a net margin of 18.94%. The company's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS.

When did Trex's stock split?

Trex shares split before market open on Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Trex issued on next quarter's earnings?

Trex updated its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $185.00 million-$195.00 million, compared to the consensus revenue estimate of $355.01 million.

What is Bryan Fairbanks' approval rating as Trex's CEO?

4 employees have rated Trex Chief Executive Officer Bryan Fairbanks on Glassdoor.com. Bryan Fairbanks has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Trex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Trex investors own include NVIDIA (NVDA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS), Salesforce (CRM), Skyworks Solutions (SWKS), Tesla (TSLA), DocuSign (DOCU) and Mastercard (MA).

What is Trex's stock symbol?

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

Who are Trex's major shareholders?

Trex's stock is owned by many different institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (3.94%), William Blair Investment Management LLC (2.66%), Artisan Partners Limited Partnership (1.71%), Conestoga Capital Advisors LLC (1.57%), Geneva Capital Management LLC (1.03%) and abrdn plc (0.81%). Insiders that own company stock include Adam Dante Zambanini, Bryan Horix Fairbanks, Dennis Charles Schemm, James E Cline, James E Cline, Jay M Gratz, Michael F Golden, Patricia B Robinson, Richard E Posey, William R Gupp and William R Gupp.
View institutional ownership trends
.

How do I buy shares of Trex?

Shares of TREX 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.
Compare Top Brokerages Here.

What is Trex's stock price today?

One share of TREX stock can currently be purchased for approximately $57.73.

How much money does Trex make?

Trex (NYSE:TREX) has a market capitalization of $6.37 billion and generates $1.20 billion in revenue each year. The construction company earns $208.74 million in net income (profit) each year or $2.27 on an earnings per share basis.

How many employees does Trex have?

The company employs 1,924 workers across the globe.

When was Trex founded?

Trex was founded in 1996.

How can I contact Trex?

Trex's mailing address is 160 EXETER DRIVE, WINCHESTER VA, 22603. The official website for the company is www.trex.com. The construction company can be reached via phone at (540) 542-6300 or via fax at 540-678-1820.

This page (NYSE:TREX) was last updated on 8/12/2022 by MarketBeat.com Staff

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