Trex Company Receives Average Rating of “Hold” from Analysts (NASDAQ:TREX)
Trex Company (NASDAQ:TREX) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, American Banking and Market News reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $38.70.
In other Trex Company news, Director Patricia B. Robinson sold 4,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $37.50, for a total value of $150,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Trex Company (NASDAQ:TREX) opened at 36.64 on Tuesday. Trex Company has a 52 week low of $20.625 and a 52 week high of $43.425. The stock has a 50-day moving average of $31.35 and a 200-day moving average of $33.75. The company has a market cap of $1.205 billion and a price-to-earnings ratio of 45.93.
Trex Company (NASDAQ:TREX) last released its earnings data 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. On average, analysts predict that Trex Company will post $1.19 earnings per share 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.
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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