AZEK Company Inc’s stock (AZEK) continues to rise above its goal

At the time of writing, AZEK Company Inc [AZEK] stock is trading at $49.10, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The AZEK shares have lost -1.46% over the last week, with a monthly amount glided 1.95%, and seem to be holding up well over a long-time horizon.

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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 $22.20 and $50.78. Currently, Wall Street analysts expect the stock to reach $31.13 within the next 12 months. AZEK Company Inc [NYSE: AZEK] shares were valued at $49.10 at the most recent close of the market. An investor can expect a potential drop of -36.6% 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 0.35% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.

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 48.40 points at the first support level, and at 47.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.08, and for the 2nd resistance point, it is at 51.06.

Ratios To Look Out For

It is important to note that AZEK Company Inc [NYSE:AZEK] has a current ratio of 2.99. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 1.38. Considering the valuation of this stock, the price to sales ratio is 5.13, the price to book ratio is 5.27 and price to earnings (TTM) ratio is 61.80.

Transactions by insiders

Recent insider trading involved Singh Jesse G, CEO and President, that happened on Mar 11 ’24 when 13000.0 shares were sold. CIO, Kasson Michelle A completed a deal on Mar 07 ’24 to sell 94431.0 shares. Meanwhile, CEO and President Singh Jesse G sold 25000.0 shares on Feb 27 ’24.

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