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.

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.