AZEK (NYSE:AZEK) Price Target Raised to $64.00

AZEK (NYSE:AZEK) had its target price upped by Barclays from $58.00 to $64.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

AZEK has been the topic of a number of other research reports. Robert W. Baird upped their target price on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial upped their price objective on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, AZEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.67.

AZEK Trading Down 0.7 %

NYSE AZEK opened at $53.56 on Wednesday. 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 current ratio of 2.17 and a quick ratio of 1.14. The company has a market capitalization of $7.66 billion, a PE ratio of 51.50, a P/E/G ratio of 2.40 and a beta of 1.92. The company has a fifty day moving average of $47.66 and a 200 day moving average of $45.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in AZEK by 69.8% in the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock valued at $495,000 after acquiring an additional 4,352 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of AZEK by 97.8% in the third quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock valued at $572,000 after purchasing an additional 5,553 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in AZEK by 11.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock worth $2,700,000 after buying an additional 5,815 shares in the last quarter. Geode Capital Management LLC lifted its position in AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after buying an additional 12,644 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in AZEK by 140.5% during the third quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock worth $677,000 after buying an additional 8,456 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

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.