The AZEK Company Inc. (NYSE:AZEK) Given Average Rating of … – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
The AZEK Company Inc. (NYSE:AZEK – Get Rating) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.56.
Several research analysts have commented on the company. BMO Capital Markets cut their target price on AZEK from $29.00 to $27.00 in a research note on Wednesday, November 30th. Royal Bank of Canada dropped their price target on AZEK from $22.00 to $20.00 in a research report on Tuesday, November 29th. Jefferies Financial Group dropped their price target on AZEK from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, November 29th. Deutsche Bank Aktiengesellschaft dropped their price target on AZEK from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, October 20th. Finally, Barclays lifted their price target on AZEK from $23.00 to $28.00 in a research report on Wednesday, December 14th.

AZEK Stock Up 1.3 %

Shares of NYSE AZEK opened at $20.69 on Friday. AZEK has a 52 week low of $15.12 and a 52 week high of $46.56. The business has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $18.67. The company has a quick ratio of 1.26, a current ratio of 2.91 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.13 billion, a P/E ratio of 42.22, a P/E/G ratio of 4.51 and a beta of 1.71.
AZEK (NYSE:AZEK – Get Rating) last issued its earnings results on Monday, November 28th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). AZEK had a return on equity of 9.85% and a net margin of 5.55%. The company had revenue of $304.63 million during the quarter, compared to the consensus estimate of $288.91 million. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. Research analysts anticipate that AZEK will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AZEK

A number of large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in AZEK by 10.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 20,142 shares of the company’s stock worth $500,000 after purchasing an additional 1,867 shares during the period. US Bancorp DE increased its stake in AZEK by 61.1% in the 1st quarter. US Bancorp DE now owns 90,753 shares of the company’s stock worth $2,254,000 after purchasing an additional 34,435 shares during the period. Fiduciary Trust Co. increased its stake in AZEK by 149.0% in the 1st quarter. Fiduciary Trust Co. now owns 11,365 shares of the company’s stock worth $283,000 after purchasing an additional 6,800 shares during the period. PNC Financial Services Group Inc. increased its stake in AZEK by 35.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,990 shares of the company’s stock worth $299,000 after purchasing an additional 3,124 shares during the period. Finally, Natixis Advisors L.P. purchased a new position in AZEK in the 1st quarter worth approximately $1,468,000. 99.05% of the stock is owned by hedge funds and other institutional investors.

About AZEK

(Get Rating)
The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

Further Reading

  • Get a free copy of the StockNews.com research report on AZEK (AZEK)
  • MarketBeat: Week in Review 12/19 – 12/23
  • These Steelmakers Deserve A Place On Your 2023 Watch List
  • Inflation Cools, Where Does The S&P 500 Go Now 
  • Cintas Beats Inflation With Operating Leverage 
  • Your Decision to Buy Palantir May Simply Be a Matter of Time

Analyst Recommendations for AZEK (NYSE:AZEK)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AZEK, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and AZEK wasn’t on the list.
While AZEK currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source

Leave a Comment

%d bloggers like this: