For The AZEK Company Inc. [AZEK], Analyst sees a rise to $53. What next?

The AZEK Company Inc. [NYSE: AZEK] surged by $0.03 during the normal trading session on Wednesday and reaching a high of $40.22 during the day while it closed the day at $39.72. The company report on June 2, 2021 that The AZEK® Company Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares.

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The AZEK Company Inc. (NYSE: AZEK) (“AZEK”) announced the closing of an underwritten public offering of 17,250,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase up to 2,250,000 additional shares of Class A common stock, in each case sold by certain of its selling stockholders, at a price to the public of $43.50 per share. AZEK did not receive any proceeds from the sale of the shares of Class A common stock.

Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies acted as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets acted as joint book-running managers, and B. Riley Securities, Baird, Stephens Inc., Stifel, Truist Securities and William Blair acted as co-managers for the offering.

The AZEK Company Inc. stock has also loss -5.99% of its value over the past 7 days. However, AZEK stock has declined by -11.04% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.72% and gained 3.30% year-on date.

The market cap for AZEK stock reached $6.20 billion, with 153.51 million shares outstanding and 149.69 million shares in the current float. Compared to the average trading volume of 1.15M shares, AZEK reached a trading volume of 1694269 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The AZEK Company Inc. [AZEK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AZEK shares is $53.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AZEK stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for The AZEK Company Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 05, 2021. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on April 13, 2021, representing the official price target for The AZEK Company Inc. stock. Previously, the target price had yet another raise to $52, while Loop Capital analysts kept a Buy rating on AZEK stock.

The Average True Range (ATR) for The AZEK Company Inc. is set at 1.13, with the Price to Sales ratio for AZEK stock in the period of the last 12 months amounting to 6.24. The Price to Book ratio for the last quarter was 4.52, with the Price to Cash per share for the same quarter was set at 0.97. Price to Free Cash Flow for AZEK in the course of the last twelve months was 128.30 with Quick ratio for the last quarter at 2.30.

AZEK stock trade performance evaluation

The AZEK Company Inc. [AZEK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.99. With this latest performance, AZEK shares dropped by -4.89% in over the last four-week period, additionally plugging by 5.72% over the last 6 months – not to mention a rise of 23.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AZEK stock in for the last two-week period is set at 35.45, with the RSI for the last a single of trading hit 31.04, and the three-weeks RSI is set at 38.29 for The AZEK Company Inc. [AZEK]. The present Moving Average for the last 50 days of trading for this stock 43.78, while it was recorded at 40.88 for the last single week of trading, and 40.86 for the last 200 days.

The AZEK Company Inc. [AZEK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The AZEK Company Inc. [AZEK] shares currently have an operating margin of -1.04 and a Gross Margin at +33.00. The AZEK Company Inc.’s Net Margin is presently recorded at -13.59.

Return on Total Capital for AZEK is now -0.55, given the latest momentum, and Return on Invested Capital for the company is -7.23. Return on Equity for this stock declined to -13.63, with Return on Assets sitting at -6.38. When it comes to the capital structure of this company, The AZEK Company Inc. [AZEK] has a Total Debt to Total Equity ratio set at 36.42. Additionally, AZEK Total Debt to Total Capital is recorded at 26.70, with Total Debt to Total Assets ending up at 23.81. Long-Term Debt to Equity for the company is recorded at 36.34, with the Long-Term Debt to Total Capital now at 26.64.

Reflecting on the efficiency of the workforce at the company, The AZEK Company Inc. [AZEK] managed to generate an average of -$73,502 per employee. Receivables Turnover for the company is 14.56 with a Total Asset Turnover recorded at a value of 0.47.The AZEK Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 3.60.

Earnings per share (EPS) analysis for The AZEK Company Inc. [AZEK] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AZEK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The AZEK Company Inc. go to 23.00%.

The AZEK Company Inc. [AZEK]: Insider Ownership positions

There are presently around $5,830 million, or 96.30% of AZEK stock, in the hands of institutional investors. The top three institutional holders of AZEK stocks are: ARES MANAGEMENT LLC with ownership of 27,721,090, which is approximately -29.321% of the company’s market cap and around 14.40% of the total institutional ownership; ONTARIO TEACHERS PENSION PLAN BOARD, holding 27,720,990 shares of the stock with an approximate value of $1.1 billion in AZEK stocks shares; and FMR LLC, currently with $387.53 million in AZEK stock with ownership of nearly 29.54% of the company’s market capitalization.

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Positions in The AZEK Company Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 173 institutional holders increased their position in The AZEK Company Inc. [NYSE:AZEK] by around 27,303,544 shares. Additionally, 59 investors decreased positions by around 26,985,733 shares, while 25 investors held positions by with 92,484,765 shares. The mentioned changes placed institutional holdings at 146,774,042 shares, according to the latest SEC report filing. AZEK stock had 71 new institutional investments in for a total of 8,861,817 shares, while 21 institutional investors sold positions of 1,338,520 shares during the same period.

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