AZEK (NASDAQ:AZEK) Price Target Raised to $44.00 at Barclays

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AZEK (NASDAQ:AZEK) had its price objective hoisted by Barclays from $42.00 to $44.00 in a research note published on Thursday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

AZEK has been the topic of a number of other reports. Goldman Sachs Group began coverage on shares of AZEK in a report on Tuesday, July 7th. They set a neutral rating and a $35.00 price target on the stock. Citigroup increased their price objective on shares of AZEK from $33.00 to $39.00 and gave the company a neutral rating in a report on Monday. BofA Securities started coverage on shares of AZEK in a report on Tuesday, July 7th. They set a neutral rating and a $35.00 price objective on the stock. Stephens started coverage on shares of AZEK in a report on Tuesday, July 7th. They set an equal weight rating and a $34.00 price objective on the stock. Finally, Royal Bank of Canada increased their price objective on shares of AZEK from $36.00 to $40.00 and gave the company an outperform rating in a report on Friday, August 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. AZEK has a consensus rating of Buy and an average price target of $38.53.

NASDAQ AZEK traded up $0.50 during mid-day trading on Thursday, reaching $41.44. 6,631 shares of the stock were exchanged, compared to its average volume of 866,864. The business has a 50 day simple moving average of $33.59. AZEK has a 1 year low of $26.35 and a 1 year high of $42.16.

AZEK (NASDAQ:AZEK) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The company had revenue of $223.71 million for the quarter, compared to analysts’ expectations of $209.31 million.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of AZEK during the 2nd quarter worth approximately $3,045,000. Columbus Circle Investors acquired a new position in shares of AZEK during the 2nd quarter worth approximately $625,000. Calamos Advisors LLC acquired a new position in shares of AZEK during the 2nd quarter worth approximately $839,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of AZEK during the 2nd quarter worth approximately $12,377,000. Finally, Emerald Advisers LLC acquired a new position in shares of AZEK during the 2nd quarter worth approximately $13,520,000.

AZEK Company Profile

The AZEK Company Inc engages in manufacturing and selling building products for residential, commercial, and industrial markets in the United States. Its products include trims, decks, porches, moldings, rails, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.

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Analyst Recommendations for AZEK (NASDAQ:AZEK)

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