AZEK (NYSE:AZEK) Given New $54.00 Price Target at Robert W. Baird

AZEK (NYSE:AZEK) had its price objective lifted by Robert W. Baird from $52.00 to $54.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on AZEK. Truist Financial reduced their price objective on shares of AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target 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. Stifel Nicolaus decreased their price target on shares of AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research report on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, AZEK has a consensus rating of “Moderate Buy” and an average target price of $48.88.

AZEK Stock Performance

NYSE:AZEK opened at $48.19 on Wednesday. The stock has a 50-day moving average price of $45.13 and a 200 day moving average price of $44.23. The stock has a market capitalization of $6.97 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.18 and a beta of 1.88. AZEK has a 12-month low of $30.76 and a 12-month high of $50.78. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AZEK. Teachers Retirement System of The State of Kentucky grew its position in AZEK by 11.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock valued at $2,700,000 after acquiring an additional 5,815 shares during the last quarter. Geode Capital Management LLC increased its stake in AZEK by 0.5% in the 3rd 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 during the period. M&T Bank Corp lifted its holdings in AZEK by 140.5% during the 3rd quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock valued at $677,000 after buying an additional 8,456 shares in the last quarter. Barclays PLC boosted its position in AZEK by 96.0% in the 3rd quarter. Barclays PLC now owns 191,588 shares of the company’s stock valued at $8,966,000 after buying an additional 93,819 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in AZEK by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 153,349 shares of the company’s stock worth $7,177,000 after acquiring an additional 1,495 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

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.