Benchmark Reiterates “Buy” Rating for AZEK (NYSE:AZEK)

Benchmark reaffirmed their buy rating on shares of AZEK (NYSE:AZEK) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $55.00 target price on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets increased their target price on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday. Robert W. Baird increased their price target on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus reduced their target price on shares of AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, August 13th. Finally, Royal Bank of Canada upped their price objective on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.24.

AZEK Stock Up 0.4 %

Shares of AZEK stock traded up $0.19 on Thursday, reaching $50.00. 110,375 shares of the company were exchanged, compared to its average volume of 1,693,162. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. AZEK has a one year low of $31.16 and a one year high of $50.78. The company has a 50-day moving average of $45.27 and a 200-day moving average of $44.27. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 1.20 and a beta of 1.88.

Institutional Trading of AZEK

A number of institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in shares of AZEK during the third quarter worth $31,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after acquiring an additional 487 shares during the last quarter. Paladin Wealth LLC bought a new position in AZEK during the 3rd quarter worth approximately $39,000. Blue Trust Inc. lifted its holdings in AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of AZEK by 5,452.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after purchasing an additional 1,254 shares during the period. Institutional investors own 97.44% of the company’s stock.

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.