Robert W. Baird Boosts AZEK (NYSE:AZEK) Price Target to $58.00

AZEK (NYSE:AZEK) had its price objective lifted by research analysts at Robert W. Baird from $54.00 to $58.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 15.24% from the stock’s current price.

Several other research analysts also recently commented on AZEK. The Goldman Sachs Group raised their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays raised 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. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $60.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Truist Financial lifted their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

AZEK Stock Down 1.0 %

AZEK stock opened at $50.33 on Wednesday. AZEK has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The business’s 50-day moving average is $50.33 and its two-hundred day moving average is $46.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 48.39, a P/E/G ratio of 2.23 and a beta of 1.94.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 12.68% and a net margin of 10.68%. As a group, analysts forecast that AZEK will post 1.28 earnings per share for the current year.

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. The trade was a 9.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,322 shares of company stock valued at $2,039,170 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new position in AZEK during the 4th quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in AZEK during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the last quarter. Paladin Wealth LLC purchased a new stake in AZEK during the 3rd quarter valued at about $39,000. Finally, GAMMA Investing LLC grew its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

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.