According to the data presented in the table that TheStreetRatingsTable compiled, TheStreet equities analysts upgraded their previous rating of AZEK (NYSE: AZEK) from a “d+” rating to a “c” rating in a report that was published on Thursday.
Several additional investigations have focused on AZEK as a research subject. Wedbush rated the company’s performance as “neutral” and lowered its price objective on AZEK shares from $21.00 to $16.00 in a report that was made public on November 29th. In a research note published on Tuesday, October 18th, Bank of America stated that they would be lowering their target price on AZEK shares from $23.00 to $21.00. This price reduction took effect immediately. Barclays increased their target price for AZEK shares in a research note published on Wednesday, December 14th. Barclays’ note was made public. The previous price target of $23.00 has been increased to $28.00. UBS Group stated that they would be lowering their target price on AZEK shares to $26.00 in a research study published on November 24th. The study was titled “Analysis of AZEK Shares.” Finally, BMO Capital Markets lowered their price target on AZEK shares from $29.00 to $27.00 in a research report that was made public on November 30th. This was the third and last time the company would change the price. Three market analysts have given the stock a rating of “hold,” while fourteen market analysts have given the stock a rating of “buy.” The stock currently has a consensus recommendation of “moderate buy,” and the price objective for the stock has been set at an average of $23.56. These numbers were taken from the website Bloomberg.com.
When trading started on Thursday, the price of a share of AZEK was $20.32 per share. The current share price has a market value of $3.07 billion, a price-to-earnings-growth ratio of 4.25, a price-to-earnings ratio of 41.47, and a beta of 1.71. In addition, the ratio of price to earnings is 41.47. The debt-to-equity ratio is 0.40, the current ratio is 2.91, and the quick ratio is 1.26. These numbers indicate that the company is financially stable. AZEK has reached a high of $46.56 over the past year, while the stock has dropped to a low of $15.12 during the same period. $19.00 is the moving average price for the company over the past 50 days, and $18.63 is the moving average price over the past 200 days.
AZEK (NYSE: AZEK) released the most recent quarterly earnings report that it prepared on November 28th, which was also the company’s trading day. The company announced that its quarterly earnings per share were $0.16, which was below the consensus estimate of $0.18 by a margin of $0.05. In addition, the company announced that its earnings per share for the quarter were $0.16, which was below the consensus estimate of $0.18. The revenue for the quarter came in at $304.63 million, which is substantially higher than the general estimate of $288.91 million floating around the internet. The return on equity for AZEK came in at 9.85 percent, while the net margin for the company was 5.55 percent. The company’s quarterly sales experienced a decrease of 12.0% when compared to the same quarter in the previous year’s fiscal year. Compared to the previous year’s results for the same period, the company posted a profit of $0.31 per share. According to the forecasts provided by specialists in equity research, AZEK should generate earnings of $0.49 per share for the current financial year.
Recently, hedge funds have been very active, engaging in both the purchase and sale of shares of the companies in which they invest. During the second quarter, Montag & Caldwell LLC increased its holdings in AZEK by an additional point and a half of the company’s total value. Because of the purchase of an additional 575 shares during the most recent fiscal quarter, Montag & Caldwell LLC now owns 19,624 shares in the corporation. Based on the current share price, this gives the company a market value of $329,000. During the second quarter, Principal Financial Group Inc. increased the percentage of AZEK shares it held in its portfolio by 6.2%. Since the end of the previous reporting period, the number of shares held by Principal Financial Group Inc. has increased by 6,822, bringing the total number of shares held by the company to 11,739, with a market value of $177,000. The amount of AZEK held in the portfolio of Steward Partners Investment Advisory LLC increased by 4.8% during the second quarter. After purchasing an additional 700 shares of the company’s stock during the quarter, Steward Partners Investment Advisory LLC now owns 15,275 shares of the corporation’s stock, which is $256,000. This results from the company’s purchase of an additional 700 shares during the quarter. In the third quarter, Point72 Hong Kong Ltd. increased the amount of AZEK stock owned by 5.1%, bringing the total to 100%. Point72 Hong Kong Ltd’s shareholdings have increased by 764, bringing the total number of shares owned by the company to 15,745, with a market value of $262,000 for those shares. And finally, during the first three months of the year, Snider Financial Group increased the proportion of its AZEK holdings by 7.7 percent. After making an additional purchase of 765 shares throughout the relevant period, Snider Financial Group now has 10,655 shares in the company. Based on the current market price, this gives the company a value of $265,000. Most of the company’s shares, or 99.05 percent, are owned by institutional investors and hedge funds.
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 Ultravox. Other brand names include Ultravox. These items are available in consumer goods stores that serve the residential market.