Trex Co. Coverage Initiated at FBR & Co. (TREX)
Research analysts at FBR & Co. started coverage on shares of Trex Co. (NASDAQ:TREX) in a report released on Friday, Analyst Ratings.Net reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on TREX. Analysts at FBR Capital Markets initiated coverage on shares of Trex Co. (NASDAQ:TREX) in a research note to investors on Friday. They set an “outperform” rating and a $57.00 price target on the stock. Separately, analysts at Griffin Securities cut their price target on shares of Trex Co. (NASDAQ:TREX) from $60.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Davenport upgraded shares of Trex Co. (NASDAQ:TREX) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.75.
Shares of Trex Co. (NASDAQ:TREX) opened at 47.70 on Friday. Trex Co. has a 52 week low of $32.57 and a 52 week high of $58.03. The stock’s 50-day moving average is $45.11 and its 200-day moving average is $49.10. The company has a market cap of $811.5 million and a P/E ratio of 48.72.
Trex Co. (NASDAQ:TREX) last released its earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.00 by $0.14. The company had revenue of $98.60 million for the quarter, compared to the consensus estimate of $103.42 million. During the same quarter last year, the company posted $0.59 earnings per share. Trex Co.’s revenue was up 4.6% compared to the same quarter last year.
Trex Company, Inc manufactures and distributes wood/plastic composite products, as well as related accessories, primarily for residential and commercial decking and railing applications.
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