AZEK (NYSE:AZEK) Given a $20.00 Price Target by Stephens Analysts

Stephens set a $20.00 target price on AZEK (NYSE:AZEKGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

Several other analysts have also recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of AZEK from $30.00 to $28.00 and set an outperform rating for the company in a research note on Thursday, June 16th. Credit Suisse Group initiated coverage on shares of AZEK in a report on Tuesday, April 5th. They set an outperform rating and a $29.00 target price on the stock. Loop Capital lowered shares of AZEK from a buy rating to a hold rating and reduced their price objective for the company from $56.00 to $25.00 in a report on Monday, April 25th. Zelman & Associates upgraded shares of AZEK from a hold rating to a buy rating in a research note on Wednesday, May 11th. Finally, Stifel Nicolaus lowered their price objective on shares of AZEK from $30.00 to $27.00 in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $30.07.

Shares of NYSE:AZEK opened at $17.61 on Monday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.10 and a beta of 1.71. AZEK has a 52 week low of $15.52 and a 52 week high of $46.56. The company has a quick ratio of 1.28, a current ratio of 3.00 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $20.30 and a 200 day moving average of $28.62.

AZEK (NYSE:AZEKGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. AZEK had a net margin of 8.49% and a return on equity of 11.08%. The firm had revenue of $396.26 million for the quarter, compared to analyst estimates of $368.06 million. During the same period in the previous year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, sell-side analysts expect that AZEK will post 0.98 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of AZEK. Dimensional Fund Advisors LP raised its position in AZEK by 779.8% during the third quarter. Dimensional Fund Advisors LP now owns 234,073 shares of the company’s stock valued at $8,551,000 after acquiring an additional 207,469 shares in the last quarter. Royal Bank of Canada raised its position in AZEK by 8.4% during the third quarter. Royal Bank of Canada now owns 137,826 shares of the company’s stock valued at $5,035,000 after acquiring an additional 10,714 shares in the last quarter. Marshall Wace LLP bought a new position in AZEK during the third quarter valued at approximately $2,889,000. Wellington Management Group LLP raised its position in AZEK by 1,482.9% during the third quarter. Wellington Management Group LLP now owns 193,420 shares of the company’s stock valued at $7,065,000 after acquiring an additional 181,201 shares in the last quarter. Finally, Utah Retirement Systems raised its position in AZEK by 5.4% during the third quarter. Utah Retirement Systems now owns 5,900 shares of the company’s stock valued at $216,000 after acquiring an additional 300 shares in the last quarter. 96.53% of the stock is currently owned by hedge funds and other institutional investors.

About AZEK (Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

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