In yesterday’s Wall Street session, The AZEK Company Inc. (NYSE:AZEK) shares traded at $29.26, up 2.34% from the previous session.
20 analysts cover The AZEK Company Inc. (NYSE:AZEK), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $17.00, we find $30.00. Given the previous closing price of $28.59, this indicates a potential upside of 4.93 percent. AZEK stock price is now 10.97% away from the 50-day moving average and 29.95% away from the 200-day moving average. The market capitalization of the company currently stands at $4.44B.
The stock has received a hold rating from 4 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $29.90 as their price target over the next twelve months.
With the price target enhanced from $27 to $33, Loop Capital Upgraded its rating from Hold to Buy for The AZEK Company Inc. (NYSE: AZEK).
In other news, ONTARIO TEACHERS PENSION PLAN, Director sold 4,886,250 shares of the company’s stock on Jun 09. The stock was sold for $125,576,625 at an average price of $25.70. Upon completion of the transaction, the Director now directly owns 1,389,740 shares in the company, valued at $40.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Ares Corporate Opportunities F sold 4,886,250 shares of the business’s stock. A total of $125,576,625 was realized by selling the stock at an average price of $25.70. This leaves the insider owning 1,389,840 shares of the company worth $40.67 million. Insiders disposed of 23,746,818 shares of company stock worth roughly $694.83 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AZEK stock. A new stake in The AZEK Company Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $40,323,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $27,370,000 in shares of AZEK during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in The AZEK Company Inc. valued at approximately $25,087,000. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC acquired a new stake in AZEK for approximately $18,126,000. LMR PARTNERS LLP purchased a new stake in AZEK valued at around $11,704,000 in the second quarter. In total, there are 330 active investors with 108.62% ownership of the company’s stock.
On Monday morning The AZEK Company Inc. (NYSE: AZEK) stock kicked off with the opening price of $28.48. During the past 12 months, The AZEK Company Inc. has had a low of $15.12 and a high of $30.53. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 3.00, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $4.93B, which is based on a 352.53 price-to-earnings ratio, a 66.52 price-to-earnings-growth ratio, and a beta of 1.74. The fifty day moving average price for AZEK is $26.44 and a two-hundred day moving average price translates $22.58 for the stock.
The latest earnings results from The AZEK Company Inc. (NYSE: AZEK) was released for Mar, 2023. According to the Building Products & Equipment Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.13 by 0.05. This compares to $0.23 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 0.90% for AZEK. The company reported revenue of $377.69 million for the quarter, compared to $396.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.68 percent. For the current quarter, analysts expect AZEK to generate $370.93M in revenue.
The AZEK Company Inc.(AZEK) Company Profile
The AZEK Company Inc. engages in manufacturing and selling of 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, 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. The Commercial segment manufactures engineered polymer materials used in various industries, including outdoor, graphic displays and signage, educational, and recreational markets, as well as the industrial and chemical industries. This segment also offers bathroom partitions, shower and dressing stalls, lockers, storage solutions, extruded plastic sheet, and non-fabricated products under the Aria, Eclipse, Hiny Hiders, TuffTec, and Duralife brands. The company was formerly known as Delaware corporation and changed its name to The AZEK Company Inc. in June 2020. The AZEK Company Inc. was incorporated in 2013 and is headquartered in Chicago, Illinois.
