The AZEK Company Inc. (NYSE:AZEK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $49.82.

A number of research analysts have recently issued reports on AZEK shares. Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Royal Bank of Canada lifted their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, Stifel Nicolaus decreased their price objective on shares of AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

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

AZEK Trading Up 1.6 %

Shares of AZEK opened at $53.12 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. AZEK has a fifty-two week low of $33.14 and a fifty-two week high of $54.16. The firm has a 50 day moving average price of $45.99 and a 200-day moving average price of $44.49. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.30 and a beta of 1.88.

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.