Brokerages Set The AZEK Company Inc. (NYSE:AZEK) Target Price at $53.73

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $53.73.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Robert W. Baird lifted their target price on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $60.00 in a research note on Monday, January 6th.

Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 19,613 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,322 shares of company stock worth $2,039,170. Company insiders own 3.10% of the company’s stock.

Institutional Trading of AZEK

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WCM Investment Management LLC raised its stake in shares of AZEK by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after acquiring an additional 11,770 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. State Street Corp lifted its stake in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of AZEK by 18.5% during the third quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after buying an additional 18,690 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Trading Up 3.9 %

AZEK stock opened at $47.05 on Friday. The firm’s fifty day simple moving average is $49.51 and its two-hundred day simple moving average is $45.40. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 1.94. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. AZEK has a twelve month low of $35.48 and a twelve month high of $54.91.

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.