According to Bloomberg, the stock has been given an aggregate rating of “Moderate Buy” by the 21 different brokerages that provide coverage for The AZEK Company Inc. (NYSE: AZEK). The purchase of the stock is recommended by nine research experts while maintaining ownership of the stock in one’s portfolio is only recommended by five analysts. According to the brokers’ reports who have covered the stock in the preceding year, the average price target for the next 12 months among those anticipating buying the stock is $23.94.
About AZEK, several research and analyst papers have been penned. In a report made public on January 10 by Deutsche Bank Aktiengesellschaft, the company indicated that the price objective for AZEK had been increased from $24.00 to $28.00. In addition, a recommendation to “buy” AZEK stock was included in the study. The “buy” recommendation on AZEK by UBS Group was changed to a “neutral” rating, and the price objective was raised to $24.00. On January 5, the results of a study were made available to the general public. BMO Capital Markets announced in a research note dated November 30 that they would now set their target price for AZEK at $27.00, down from $29.00 in the past. This represents a decrease of $5.00. Royal Bank of Canada disclosed its decision to reduce its price objective on AZEK from $22.00 to $20.00 in a research note released on November 29. As a result of the findings of a study released on October 18, Bank of America lowered its target price for AZEK from $23.00 to $21.00. The final and most significant adjustment was made here.
As a result of recent happenings, several large investors have altered the proportion of the company’s stock they currently hold in their portfolios. During the third quarter, Signaturefd LLC successfully increased the percentage of AZEK holdings it possessed by 176.1%. After purchasing an additional 1,233 shares during the most recent quarter, Signaturefd LLC now holds 1,933 shares of the company’s stock, equivalent to $32,000. During the most recent quarter, these shares were acquired. In the second quarter, Eagle Bay Advisors LLC made a 279.7% increase in the amount of AZEK stock that it owned, bringing its total percentage of ownership to During the most recent reporting period, Eagle Bay Advisors LLC increased its stake in the company by purchasing an additional 1,586 shares. This brought the total number of shares held in the company to 2,155, with a value of $36,000. Covestor Ltd. increased the amount of AZEK it was holding by 1,441.8% over the year’s first three months. Covestor Ltd. now owns 2,544 shares, which are currently valued at $63,000 thanks to the purchase of an additional 2,379 shares during the most recent quarter. Yarbrough Capital LLC spent approximately $119 000 to acquire a new investment position in AZEK during the fourth quarter of this fiscal year. MetLife Investment Management LLC made a new investment totaling approximately $124,000 in AZEK during the first quarter of 2018. This is the last item on the agenda. The company’s stock is held by institutional investors and hedge funds, which account for 99.05% of the total.
When trading in AZEK started on Wednesday, the stock was priced at $22.77. The price-to-earnings ratio for this company is 46.47; the price-to-earnings-to-growth ratio for this company is 5.24; and the beta value for this company is 1.57. The company has a market capitalization of $3.44 billion at present. During the previous twelve months, the price of AZEK ranged from a low of $15.12 to a high of $39.78. The stock’s simple moving average over the past 50 days is $20.32, and its simple moving average over the past 200 days is $19.08. Although the current ratio is 2.91 and the quick ratio is 1.26, the debt-to-equity ratio remains unchanged at 0.40.
On November 28, the most recent earnings report for AZEK, traded on the NYSE under the AZEK, was made public. The company reported earnings per share of $0.16 for the quarter, which was below the consensus estimate of $0.18 held by industry experts by $0.05. The consensus estimate was that the company would earn $0.18 per share for the quarter. Despite predictions made by analysts that the company would only bring in $288.91 million in revenue during the quarter, the company ended up bringing in $304.63 million in revenue. The return on equity for AZEK came in at 9.85 percent, while the net margin for the company was 5.55 percent. Compared to the same quarter in the previous year, the revenue for this quarter was 12.0% lower than it was. Compared to the previous year’s results for the same period, the company posted a profit of $0.31 per share. AZEK is expected to generate revenue of $0.46 per share during the current fiscal year, according to the projections of financial industry professionals.
The AZEK Company, Inc. is responsible for designing, manufacturing, and distributing building materials for the residential, commercial, and industrial markets across the United States. The two types of markets that are currently being actively served are residential and commercial. The Residential business creates and manufactures engineered outdoor living products such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories. These products are marketed under TimberTech, AZEK Exteriors, Versatex, and Ultralox. Other brand names include Ultralox. These items are available in consumer goods stores that serve the residential market.