Within the last quarter, Trex Co TREX has observed the following analyst ratings:
|Bullish||Somewhat Bullish||Indifferent||Somewhat Bearish||Bearish|
According to 8 analyst offering 12-month price targets in the last 3 months, Trex Co has an average price target of $67.12 with a high of $87.00 and a low of $53.00.
Below is a summary of how these 8 analysts rated Trex Co over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
This current average has decreased by 16.69% from the previous average price target of $80.57.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.