At the time of writing, AZEK Company Inc [AZEK] stock is trading at $47.39, up 1.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AZEK shares have gain 5.33% over the last week, with a monthly amount glided 25.20%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, The AZEK Company Announces Strong First Quarter Fiscal 2024 Results Driven by Underlying Residential Segment Demand and Execution of Margin Expansion Initiatives; Raises Full-Year Fiscal 2024 Net Sales and Adjusted EBITDA Outlook. In a post published today on Yahoo Finance, FIRST QUARTER FISCAL 2024 FINANCIAL HIGHLIGHTS.
From an analyst’s perspective:
AZEK Company Inc [NYSE: AZEK] stock has seen the most recent analyst activity on December 12, 2023, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $43. Previously, Deutsche Bank downgraded its rating to Hold on December 08, 2023, and dropped its price target to $37. On April 24, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $33 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $31 on April 19, 2023. BofA Securities downgraded its rating to a Neutral and raised its price target to $25 on January 30, 2023. Citigroup downgraded its rating to Neutral for this stock on January 10, 2023, and upped its price target to $23. In a note dated January 05, 2023, UBS downgraded an Neutral rating on this stock but restated the target price of $24.
For the past year, the stock price of AZEK Company Inc fluctuated between $21.34 and $47.20. Currently, Wall Street analysts expect the stock to reach $28.8 within the next 12 months. AZEK Company Inc [NYSE: AZEK] shares were valued at $47.39 at the most recent close of the market. An investor can expect a potential drop of -39.23% based on the average AZEK price forecast.
Analyzing the AZEK fundamentals
According to AZEK Company Inc [NYSE:AZEK], the company’s sales were 1.39B for trailing twelve months, which represents an 11.18% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.88 points at the first support level, and at 46.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.81, and for the 2nd resistance point, it is at 48.23.
AZEK Company Inc [AZEK] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.05 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.36 per share as compared to estimates of $0.29 per share, a difference of $0.07 representing a surprise of 24.10%.
Ratios To Look Out For
It is important to note that AZEK Company Inc [NYSE:AZEK] has a current ratio of 2.99. Also, the Quick Ratio is 1.67, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 4.96, the price to book ratio is 5.08 and price to earnings (TTM) ratio is 59.65.
Transactions by insiders
Recent insider trading involved Skelly Jonathan, Pres. Res. & Comm., that happened on Feb 23 when 10000.0 shares were sold. CEO and President, Singh Jesse G completed a deal on Feb 13 to sell 40000.0 shares. Meanwhile, CEO and President Singh Jesse G sold 13000.0 shares on Feb 12.
