Wednesday | ||||
Initiation
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Azek initiated with an Outperform at BMO Capital »
16:13 01/13/21 01/1316:13 01/13/2116:13
AZEK
Azek
BMO Capital analyst Ketan… BMO Capital analyst Ketan Mamtora initiated coverage of Azek with an Outperform rating and $48 price target. Composite decking continues "steadily taking share" away from traditional decking materials, giving Akez a multi-year growth runway, while its expanding use of recycled materials should boost margins, Mamtora tells investors. ShowHide Related Items >><<
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Over a week ago | ||||
Recommendations
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Azek, Trex among Blair's top Specialty Distribution ideas for 2021 »
10:02 12/31/20 12/3110:02 12/31/2010:02
AZEK
Azek
Trex Company
Pool Corp.
Beacon Roofing
Fastenal
Grainger
MSC Industrial
William Blair analyst… William Blair analyst Ryan Merkel names Azek (AZEK), Trex Company (TREX), Pool Corp. (POOL) and Beacon Roofing Supply (BECN) as his top ideas in the Specialty Distribution sector for 2021. A short-cycle recovery remains intact despite rising COVID cases, Merkel tells investors in a research note. Drivers include strong protective personal equipment demand, higher maintenance spending, and improving factory production, says the analyst. Merkel lists the slowest end-markets as nonresidential construction, oil and gas, and aerospace. Essential retail, e-commerce warehouses, healthcare, and government "remain busy," he adds. The analyst believes short-cycle distributors "could be out of favor" and he expects multiples to come down as fundamentals improve. Group EBITDA multiples are at all-time highs, with Fastenal (FAST) at 22 times, Grainger (GWW) at 14 times, and MSC Industrial (MSM) at 12 times, Merkel points out. ShowHide Related Items >><<
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Over a month ago | ||||
Conference/Events
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Azek management to meet virtually with Truist »
04:55 12/14/20 12/1404:55 12/14/2004:55
AZEK
Azek
Virtual Meeting to be… Virtual Meeting to be held on December 14 hosted by Truist. ShowHide Related Items >><<
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Conference/Events
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Azek management to meet virtually with Truist »
09:59 12/10/20 12/1009:59 12/10/2009:59
AZEK
Azek
Virtual Meeting to be… Virtual Meeting to be held on December 14 hosted by Truist. ShowHide Related Items >><<
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Recommendations
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Azek price target raised to $39 from $33 at DA Davidson »
08:58 12/04/20 12/0408:58 12/04/2008:58
AZEK
Azek
DA Davidson analyst Kurt… DA Davidson analyst Kurt Yinger raised the firm's price target on Azek to $39 from $33 but keeps a Neutral rating on the shares. The company's Q4 results were ahead of expectations thanks to the "robust" Residential segment sales growth and continued EBITDA margin expansion, the analyst tells investors in a research note. Yinger adds however that while the pullback in the stock price on the results was "unwarranted", the valuation on Azek shares remains "elevated". ShowHide Related Items >><<
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Recommendations
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Azek price target raised to $46 from $43 at B. Riley Securities »
08:06 12/04/20 12/0408:06 12/04/2008:06
AZEK
Azek
B. Riley Securities… B. Riley Securities analyst Alex Rygiel raised the firm's price target on Azek to $46 from $43 and reiterates a Buy rating on the shares following the company's Q3 results. Azek is well positioned to benefit from positive housing and outdoor living trends as well as the conversion from wood to composite materials, Rygiel tells investors in a research note. ShowHide Related Items >><<
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Recommendations
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Azek earnings pullback a buying opportunity, says William Blair »
07:00 12/04/20 12/0407:00 12/04/2007:00
AZEK
Azek
William Blair analyst… William Blair analyst Ryan Merkel recommends using the 5% post-earnings pullback yesterday in shares of Azek as a buying opportunity. The company's margin story is on track and not fully discounted in the shares, Merkel tells investors in a research note. The analyst also views Azek's guidance as conversation. ShowHide Related Items >><<
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Hot Stocks
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Azek CEO: We felt really good about the quarter »
18:51 12/03/20 12/0318:51 12/03/2018:51
AZEK
Azek
On an interview on… On an interview on CNBC's Mad Money, Jesse Singh said, "We had a really strong quarter that capped off a strong year." Azek is seeing good trends in the remodel business, Singh noted. The company is only playing in 20% of the market, leaving a huge runway ahead, he added. The single largest raw material Azek uses is recycled plastics. That is giving the company a huge cost advantage versus using virgin product, Singh said. ShowHide Related Items >><<
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On The Fly
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Fly Intel: Pre-market Movers »
08:52 12/03/20 12/0308:52 12/03/2008:52
WDR
Waddell & Reed
Michaels
Signet Jewelers
Build-A-Bear
Kirkland's
Azek
MEI Pharma
Dollar General
Kroger
Express
Splunk
Codexis
Stitch Fix
Check out this morning's… ShowHide Related Items >><<
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Earnings
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Azek sees FY21 revenue up 10%-14%, consensus $967.35M »
07:13 12/03/20 12/0307:13 12/03/2007:13
AZEK
Azek
Sees FY21 adjusted EBITDA… Sees FY21 adjusted EBITDA growth in the mid-teens range year-over-year following 19% growth in FY20. ShowHide Related Items >><<
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