The Goldman Sachs Group Boosts AZEK (NYSE:AZEK) Price Target to $59.00

AZEK (NYSE:AZEK) had its price objective increased by The Goldman Sachs Group from $52.00 to $59.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. BMO Capital Markets boosted their price target on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Truist Financial raised their price objective on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.67.

AZEK Price Performance

Shares of AZEK stock opened at $53.51 on Thursday. AZEK has a 52-week low of $35.38 and a 52-week 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. The stock has a market cap of $7.65 billion, a PE ratio of 51.45, a PEG ratio of 2.40 and a beta of 1.92. The firm’s 50 day moving average price is $47.66 and its two-hundred day moving average price is $45.01.

Institutional Investors Weigh In On AZEK

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in AZEK during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted 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 purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new position in AZEK during the third quarter worth $39,000. Blue Trust Inc. boosted its holdings in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AZEK in the third quarter valued at $59,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.