AZEK (NYSE:AZEK) Given New $58.00 Price Target at Barclays

AZEK (NYSE:AZEK) had its price target upped by Barclays from $53.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on AZEK. DA Davidson lifted their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group lowered their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, August 13th. BMO Capital Markets increased their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of AZEK in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.24.

AZEK Stock Down 0.2 %

AZEK stock traded down $0.10 during mid-day trading on Thursday, hitting $49.71. The company had a trading volume of 522,233 shares, compared to its average volume of 1,695,113. AZEK has a 12 month low of $31.16 and a 12 month high of $50.78. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $45.27 and its two-hundred day moving average price is $44.27. The company has a market capitalization of $7.19 billion, a PE ratio of 47.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88.

Institutional Investors Weigh In On AZEK

Several institutional investors have recently added to or reduced their stakes in AZEK. Wellington Management Group LLP raised its position in AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after buying an additional 3,595,863 shares during the last quarter. FMR LLC grew its holdings in AZEK by 57.9% during the third quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after acquiring an additional 2,497,074 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of AZEK during the 2nd quarter valued at approximately $86,719,000. Price T Rowe Associates Inc. MD raised its position in shares of AZEK by 66.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock worth $73,631,000 after acquiring an additional 587,107 shares during the period. Finally, Interval Partners LP boosted its position in AZEK by 162.4% during the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock worth $31,292,000 after purchasing an additional 459,664 shares in the last quarter. Institutional investors and hedge funds 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.