Baird Maintains Outperform Rating for AZEK Co: Here's What You Need To Know

Baird has decided to maintain its Outperform rating of AZEK Co AZEK and lower its price target from $30.00 to $28.00.

Shares of AZEK Co are trading down 13.06% over the last 24 hours, at $15.95 per share.

A move to $28.00 would account for a 75.6% increase from the current share price.

About AZEK Co

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.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.