DA Davidson Has Positive Forecast for AZEK FY2025 Earnings

The AZEK Company Inc. (NYSE:AZEK) – Analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of AZEK in a note issued to investors on Wednesday, November 20th. DA Davidson analyst K. Yinger now anticipates that the company will earn $1.57 per share for the year, up from their previous estimate of $1.35. DA Davidson has a “Neutral” rating and a $50.00 price target on the stock. The consensus estimate for AZEK’s current full-year earnings is $1.29 per share.

AZEK has been the subject of several other reports. Stifel Nicolaus dropped their target price on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Truist Financial increased their price target on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Friday, October 4th. Barclays raised their target price on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK has an average rating of “Moderate Buy” and a consensus price target of $49.24.

AZEK Stock Up 2.3 %

NYSE AZEK opened at $50.98 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.11 and a current ratio of 2.17. The business has a fifty day moving average price of $45.41 and a 200 day moving average price of $44.28. The company has a market cap of $7.38 billion, a P/E ratio of 49.02, a P/E/G ratio of 2.23 and a beta of 1.88. AZEK has a one year low of $31.16 and a one year high of $51.03.

Hedge Funds Weigh In On AZEK

Several large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in AZEK during the third quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter valued at approximately $39,000. Blue Trust Inc. grew its stake in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after purchasing an additional 1,254 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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.