JPMorgan Chase & Co. Forecasts Strong Price Appreciation for AZEK (NYSE:AZEK) Stock

AZEK (NYSE:AZEK) had its target price hoisted by JPMorgan Chase & Co. from $48.00 to $58.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently issued reports on the company. DA Davidson raised their target price on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Robert W. Baird raised their target price on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial raised their target price on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their target price on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Stifel Nicolaus cut their target price on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.82.

AZEK Stock Down 0.3 %

AZEK opened at $52.26 on Monday. The company has a market cap of $7.56 billion, a P/E ratio of 50.25, a P/E/G ratio of 2.38 and a beta of 1.88. The business’s 50-day moving average price is $45.88 and its 200-day moving average price is $44.43. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. AZEK has a 12 month low of $31.17 and a 12 month high of $54.16.

Institutional Trading of AZEK

Institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in AZEK in the third quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of AZEK during the third quarter valued at approximately $39,000. Blue Trust Inc. raised its stake in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of AZEK by 5,452.2% during the second quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after acquiring an additional 1,254 shares in 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.