The AZEK Company Inc. (NYSE:AZEK) Receives Consensus Rating of “Moderate Buy” from Analysts

The AZEK Company Inc. (NYSE:AZEK) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $52.67.

AZEK has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Barclays boosted their price target on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. DA Davidson boosted their price target on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price target on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the business’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 sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at approximately $881,496. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AZEK

Several institutional investors and hedge funds have recently modified their holdings of AZEK. ORG Wealth Partners LLC purchased a new stake in shares of AZEK in the third quarter worth about $31,000. Farther Finance Advisors LLC boosted its position in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after buying an additional 487 shares during the period. Paladin Wealth LLC purchased a new stake in shares of AZEK in the third quarter worth about $39,000. Blue Trust Inc. boosted its position in shares of AZEK by 106.4% in the third 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, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK in the third quarter worth about $59,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

Shares of AZEK stock opened at $48.99 on Wednesday. The stock has a fifty day moving average price of $48.31 and a 200 day moving average price of $45.14. The stock has a market cap of $7.01 billion, a PE ratio of 47.11, a P/E/G ratio of 2.40 and a beta of 1.92. AZEK has a 1 year low of $35.38 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.

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.