AZEK Company Inc (NYSE: AZEK) – Analysts’ Revisions Show An Improving Sentiment

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AZEK Company Inc (NYSE:AZEK) traded at $39.17 at last check on current trade day and made an upward move of 2.23% on its previous day’s price.

Looking at the stock we see that its previous close was $38.32 and the beta (5Y monthly) reads 1.881 with the day’s price range being $38.63 – $39.59. The company has a trailing 12-month PE ratio of 35.26. In terms of its 52-week price range, AZEK has a high of $50.78 and a low of $25.03. The company’s stock has lost about -10.34% over that past 30 days.

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AZEK Company Inc has a market cap of $5.70 billion and is expected to release its quarterly earnings report on 2024-Nov-26. Estimates by analysts give the company expected earnings per share (EPS) of 0.27, with the EPS growth for the year raised at 1.19 for current year and 1.19 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 339.86M, with a low of 334.27M and a high of 347.82M. The median projection represents growth adding up to -12.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.43B, or 4.60% up from figures reported last year.

On the other hand, looking at the outlook for the AZEK stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the AZEK Company Inc (AZEK) stock as a Hold, while 11 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the AZEK stock currently stands at 3.18, and the most recent price level today is -8.41% off its SMA20 and -10.10% from its 50-day simple moving average. The RSI (14) is pointing at 40.26 while the volatility over the past week is 4.13% and jumps to 3.85% over the past one month. The beta value is 1.91, while the average true range (ATR) is currently pointing at 2.04. The average price target for the stock over the next 12 months is $44, with the estimates having a low of $16 and a high of $58. These price ends are 59.15% and -48.07% off the today’s price level respectively, although investors could be excited at the prospect of a -12.33% if the AZEK share price touches on the median price of $44.

Coming back to AZEK Company Inc (NYSE:AZEK), we note that the average 3-month trading volume was 2.10 million, while that of the preceding 10-day period stands at 2.81 million. Current shares outstanding are 147.70 million.

The insiders hold 2.02% of the company’s shares while institutions hold 102.79%. The data shows that short shares as of 2024-07-31, stood at 6.94 million at a short ratio of 3.42. This represents a 488.00 short interest in shares outstanding on 2024-07-31. Shares short rose in July from the previous month at 5.98 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 2.41% up in year-to-date price movement.

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