AZEK (NYSE:AZEK) Price Target Raised to $54.00

AZEK (NYSE:AZEK) had its price objective increased by Robert W. Baird from $52.00 to $54.00 in a research note published on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other brokerages also recently commented on AZEK. JPMorgan Chase & Co. dropped their target price on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Friday, August 9th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Friday, October 4th. UBS Group dropped their price target on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, BMO Capital Markets upped their price objective on AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Six investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.24.

AZEK Stock Up 2.3 %

Shares of AZEK stock opened at $50.98 on Wednesday. AZEK has a 1 year low of $31.16 and a 1 year high of $51.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The company has a market capitalization of $7.38 billion, a P/E ratio of 49.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88. The business has a 50-day moving average of $45.41 and a two-hundred day moving average of $44.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AZEK. ORG Wealth Partners LLC acquired a new stake in AZEK during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake 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 buying an additional 487 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of AZEK during the 3rd quarter worth about $39,000. Blue Trust Inc. grew its stake in AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after buying an additional 480 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AZEK in the 3rd quarter valued at about $59,000. 97.44% of the stock is currently owned by institutional investors.

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.