The AZEK Company Inc. (NYSE:AZEK) Receives $52.67 Consensus PT from Analysts

The AZEK Company Inc. (NYSE:AZEK) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, 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 price objective among brokerages that have issued a report on the stock in the last year is $52.67.

AZEK has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Truist Financial increased their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Friday, October 4th. BMO Capital Markets raised their price target on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th.

Insider Activity at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction on 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 directly owns 923,765 shares of the company’s stock, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On AZEK

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in AZEK by 14.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,436 shares of the company’s stock worth $440,000 after acquiring an additional 1,308 shares during the period. Raymond James & Associates increased its stake in AZEK by 290.8% during the 2nd quarter. Raymond James & Associates now owns 121,623 shares of the company’s stock worth $5,124,000 after buying an additional 90,499 shares during the period. Summit Global Investments acquired a new position in AZEK in the 2nd quarter worth $744,000. 1620 Investment Advisors Inc. purchased a new position in AZEK in the 2nd quarter valued at about $90,000. Finally, Bank of New York Mellon Corp grew its stake in shares of AZEK by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 481,587 shares of the company’s stock valued at $20,289,000 after acquiring an additional 24,542 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE AZEK opened at $49.26 on Wednesday. The business has a 50 day moving average price of $48.47 and a 200 day moving average price of $45.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market capitalization of $7.04 billion, a P/E ratio of 47.37, a PEG 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.

About AZEK

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.