Analyst Scoreboard: 6 Ratings For AZEK Co
Portfolio Pulse from Benzinga Insights
AZEK Co (NYSE:AZEK) received mixed analyst ratings in the last quarter, with a shift towards more bullish sentiments in the recent 30 days. The average 12-month price target for AZEK is now $56.33, reflecting a 10.02% increase from the previous target of $51.20. Analysts from firms like Baird, Benchmark, Citigroup, Barclays, and Truist Securities have adjusted their ratings and price targets, indicating a positive outlook on the company's performance. AZEK Co, known for its low maintenance and environmentally sustainable outdoor living products, has shown notable revenue growth of 11.18% over the past 3 months, with a strong net margin of 10.7%. However, its ROE and ROA are below industry standards, and it maintains a low debt-to-equity ratio of 0.44.
May 09, 2024 | 2:00 pm
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POSITIVE IMPACT
AZEK Co has received increasingly positive analyst ratings, with a notable increase in its average price target to $56.33, indicating analysts' optimism about its future performance.
The shift towards more bullish ratings and the increase in the average price target suggest a positive market sentiment towards AZEK Co. This optimism is likely driven by the company's recent revenue growth and strong net margin, despite its below-average ROE and ROA. The low debt-to-equity ratio also indicates a solid financial structure, potentially making it an attractive investment. However, the caution in the score reflects the need to monitor how the company addresses its ROE and ROA challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100