Equities research analysts at Loop Capital initiated coverage on shares of The AZEK (NYSE:AZEK) in a report released on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other equities analysts have also recently issued reports on AZEK. BMO Capital Markets began coverage on The AZEK in a report on Wednesday, January 13th. They issued an “outperform” rating and a $48.00 target price on the stock. Barclays increased their target price on The AZEK from $44.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, February 12th. Royal Bank of Canada raised their price objective on The AZEK from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, January 26th. B. Riley raised their price objective on The AZEK from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Finally, Citigroup raised their price objective on The AZEK from $42.00 to $47.00 in a research note on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The AZEK presently has a consensus rating of “Buy” and an average price target of $42.06.
Shares of AZEK opened at $44.65 on Thursday. The AZEK has a 12-month low of $26.35 and a 12-month high of $48.79. The business’s fifty day moving average is $44.19 and its 200 day moving average is $39.40. The company has a quick ratio of 2.38, a current ratio of 3.42 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.91 billion and a P/E ratio of 75.68.
In other news, CFO Ralph J. Nicoletti sold 15,000 shares of The AZEK stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $44.39, for a total transaction of $665,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE lifted its position in The AZEK by 41.5% in the 3rd quarter. US Bancorp DE now owns 1,245 shares of the company’s stock worth $43,000 after buying an additional 365 shares during the last quarter. American International Group Inc. lifted its position in The AZEK by 74.0% in the 4th quarter. American International Group Inc. now owns 1,058 shares of the company’s stock worth $41,000 after buying an additional 450 shares during the last quarter. CENTRAL TRUST Co bought a new stake in The AZEK in the 4th quarter worth approximately $26,000. Signaturefd LLC bought a new stake in The AZEK in the 4th quarter worth approximately $27,000. Finally, Nvwm LLC bought a new stake in The AZEK in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.
The AZEK Company Profile
The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. The operates in two segments, Residential and Commercial. Its products include trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.
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