The AZEK Company Inc. (NYSE:AZEK - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $54.69 and last traded at $54.65, with a volume of 72814 shares traded. The stock had previously closed at $53.48.
A number of research analysts have recently commented on the stock. Benchmark reissued a "buy" rating and set a $55.00 target price on shares of AZEK in a research report on Thursday, November 21st. BMO Capital Markets upped their price target on shares of AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. DA Davidson upped their price target on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Loop Capital cut shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Finally, Robert W. Baird upped their price target on shares of AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.82.
Read Our Latest Stock Analysis on AZEK
The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $7.71 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 2.36 and a beta of 1.92. The business's 50 day simple moving average is $46.70 and its 200 day simple moving average is $44.73.
A number of hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of AZEK in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC increased its holdings in shares of AZEK by 183.1% in 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 period. Paladin Wealth LLC acquired a new position in shares of AZEK in the 3rd quarter valued at about $39,000. Blue Trust Inc. increased its holdings in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company's stock valued at $44,000 after purchasing an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AZEK in the 3rd quarter valued at about $59,000. 97.44% of the stock is owned by hedge funds and other institutional investors.
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.
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