AZEK (NYSE:AZEK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AZEK (NYSE:AZEK) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $48.00 to $58.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.67% from the company’s current price.

AZEK has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays boosted their price target on AZEK from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Stifel Nicolaus dropped their target price on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Six equities research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $49.82.

AZEK Stock Performance

Shares of AZEK stock opened at $52.41 on Monday. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 50.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.88. The stock’s 50-day moving average is $45.59 and its 200-day moving average is $44.33. AZEK has a one year low of $31.17 and a one year high of $54.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

Institutional Trading of AZEK

Institutional investors and hedge funds have recently bought and sold shares of the business. Equitable Trust Co. grew its position in shares of AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after purchasing an additional 226 shares during the last quarter. Tidal Investments LLC grew its position in shares of AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares during the last quarter. Creative Planning grew its position in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd grew its position in shares of AZEK by 18.8% in the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares during 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.