The AZEK Company Inc. (NYSE:AZEK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The AZEK Company Inc. (NYSE:AZEK) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $54.85.

A number of equities analysts recently issued reports on AZEK shares. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $60.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets lifted their target price on AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th.

Insider Buying and Selling at AZEK

In related news, CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the transaction, the chief executive officer now owns 904,152 shares in the company, valued at $40,668,756.96. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,322 shares of company stock worth $2,039,170. 3.20% of the stock is currently owned by insiders.

Institutional Trading of AZEK

A number of institutional investors have recently modified their holdings of AZEK. WCM Investment Management LLC lifted its holdings in AZEK by 2.2% in the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after acquiring an additional 11,770 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AZEK by 105.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after buying an additional 31,193 shares in the last quarter. State Street Corp grew its position in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after buying an additional 45,774 shares during the period. Finally, Algert Global LLC increased its holdings in AZEK by 18.5% in the third quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after buying an additional 18,690 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Price Performance

AZEK stock opened at $49.99 on Thursday. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $50.17 and a 200-day simple moving average of $46.49. The stock has a market cap of $7.15 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Equities analysts expect that AZEK will post 1.29 EPS for the current fiscal year.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.