Trex Company Given Consensus Rating of “Hold” by Analysts (NASDAQ:TREX)
Trex Company (NASDAQ:TREX) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $38.70.
Trex Company (NASDAQ:TREX) opened at 36.00 on Tuesday. Trex Company has a one year low of $20.625 and a one year high of $43.425. The stock’s 50-day moving average is $30.47 and its 200-day moving average is $33.65. The company has a market cap of $1.184 billion and a P/E ratio of 44.28.
Trex Company (NASDAQ:TREX) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $121.30 million for the quarter, compared to the consensus estimate of $123.73 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that Trex Company will post $1.19 EPS for the current fiscal year.
A number of research firms have recently commented on TREX. Analysts at Stifel Nicolaus upgraded shares of Trex Company from a “hold” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $37.00 price target on the stock. Analysts at Off Wall Street reiterated a “sell” rating on shares of Trex Company in a research note on Friday, July 11th.
In other Trex Company news, Director Jay M. Gratz unloaded 5,155 shares of Trex Company stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $36.00, for a total value of $185,580.00. The sale was disclosed in a document filed with the SEC, which is available at 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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