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

TREX traded down $9.55 during trading on Tuesday, hitting $54.28. The company had a trading volume of 5,987,460 shares, compared to its average volume of 1,309,466. The company has a market cap of $6.14 billion, a PE ratio of 27.00, a P/E/G ratio of 1.50 and a beta of 1.49. The business has a 50-day moving average of $59.10 and a 200-day moving average of $67.86. Trex has a 1-year low of $49.31 and a 1-year high of $140.98.

Trex (NYSE:TREX - Get Rating) last posted its quarterly 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. The firm had revenue of $386.25 million for the quarter, compared to analysts' expectations of $380.22 million. Trex had a net margin of 17.90% and a return on equity of 38.31%. The firm's quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Research analysts forecast that Trex will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Credit Suisse Group raised shares of Trex from an "underperform" rating to a "neutral" rating and set a $65.00 price target for the company in a research report on Tuesday, May 10th. JPMorgan Chase & Co. dropped their price target on shares of Trex from $66.00 to $54.00 in a research report on Friday, July 15th. Loop Capital lowered shares of Trex from a "buy" rating to a "hold" rating and dropped their price target for the stock from $118.00 to $68.00 in a research report on Monday, April 25th. DA Davidson dropped their price target on shares of Trex from $67.00 to $58.00 in a research report on Tuesday. Finally, Barclays decreased their price objective on shares of Trex from $63.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Trex has a consensus rating of "Hold" and an average target price of $78.88.