AZEK (NYSE:AZEK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

AZEK (NYSE:AZEK) had its price target upped by analysts at Robert W. Baird from $52.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 8.73% from the company’s current price.

Several other equities research analysts also recently weighed in on AZEK. Truist Financial cut their target price on shares of AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets upped their target price on shares of AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective 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 given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.24.

AZEK Stock Performance

Shares of AZEK stock opened at $49.66 on Wednesday. AZEK has a one year low of $31.16 and a one year high of $50.78. The firm’s 50 day moving average price is $45.27 and its 200-day moving average price is $44.27. The firm has a market cap of $7.19 billion, a P/E ratio of 47.75, a P/E/G ratio of 1.20 and a beta of 1.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07.

Institutional Trading of AZEK

A number of large investors have recently bought and sold shares of AZEK. ORG Wealth Partners LLC acquired a new stake in AZEK during the 3rd quarter worth $31,000. Farther Finance Advisors LLC boosted its stake in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter worth $39,000. Blue Trust Inc. lifted its stake in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of AZEK by 5,452.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after acquiring an additional 1,254 shares during the period. 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.