Watch for Continued Gains in Shares of The AZEK Company Inc. Class A (AZEK)

February 16, 2021 14:41:14

Shares of The AZEK Company Inc. Class A (NYSE:AZEK) traded today at $48.79, eclipsing its 52-week high. So far today approximately 950,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

The AZEK Co Inc is a designer and manufacturer of beautiful, low maintenance and environmentally sustainable products focused on the fast-growing Outdoor Living market. Its portfolio of products includes decks, rail, trim, wood and wood-look siding, porches, pavers, outdoor furniture, outdoor cabinetry, and outdoor lighting. The company operates in two segments namely Residential and Commercial. It generates maximum revenue from the Residential segment. The company’s brand includes TimberTech; AZEK; Versatex and Ultralox.

In the past 52 weeks, shares of The AZEK Company Inc. Class A have traded between a low of $26.35 and a high of $48.79 and is now at $47.95, which is 82% above that low price.

Potential upside of 16.9% exists for The AZEK Company Inc. Class A, based on a current level of $47.95 and analysts’ average consensus price target of $56.03.

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