Evaluating Trex Co: Insights From 9 Financial Analysts
Portfolio Pulse from Benzinga Insights
Nine financial analysts have recently shared their evaluations of Trex Co (NYSE:TREX), showing a mix of bullish to bearish sentiments. The average 12-month price target for TREX is now $99.89, up 21.98% from the previous $81.89, with high estimates reaching $120.00. Analysts from firms including Barclays, JP Morgan, and Goldman Sachs have raised their price targets, reflecting positive adjustments based on the company's performance and market conditions. Trex Co, known for its alternative wooden decking products, has shown a revenue growth of 1.9% as of December 31, 2023, outperforming industry peers. However, its ROE and ROA are below industry averages, indicating potential efficiency challenges.
April 04, 2024 | 3:00 pm
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Trex Co has received mixed analyst ratings but an overall positive adjustment in price targets, indicating a bullish outlook. The company's revenue growth outperforms industry peers, although it faces challenges in ROE and ROA.
The positive adjustment in price targets by analysts from reputable firms suggests a bullish sentiment towards TREX's stock in the short term. The company's strong revenue growth further supports this outlook, although its below-average ROE and ROA indicate areas of concern that could temper long-term expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100