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Trex Company (NASDAQ:TREX) has received an average rating of “Hold” from the nine ratings firms that are covering the company, American Banking & Market News reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $37.36.

Shares of Trex Company (NASDAQ:TREX) opened at 27.21 on Wednesday. Trex Company has a one year low of $20.625 and a one year high of $43.425. The stock has a 50-day moving average of $30.28 and a 200-day moving average of $34.65. The company has a market cap of $901.4 million and a price-to-earnings ratio of 36.43.

Trex Company (NASDAQ:TREX) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.20. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $115.25 million. During the same quarter last year, the company posted $1.25 earnings per share. Trex Company’s revenue was down 6.8% compared to the same quarter last year. Analysts expect that Trex Company will post $1.21 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Off Wall Street reiterated a “sell” rating on shares of Trex Company in a research note on Friday. Separately, analysts at Zacks upgraded shares of Trex Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $30.30 price target on the stock. Finally, analysts at Zacks downgraded shares of Trex Company from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $34.40 price target on the stock.

In other Trex Company news, Director Frank H. Merlotti, Jr. sold 2,888 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $28.96, for a total value of $83,636.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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