Trex (NYSE: TREX) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Trex had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $75.00 price target on the stock.
  • 8/3/2017 – Trex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. “
  • 8/2/2017 – Trex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. “
  • 8/1/2017 – Trex had its price target raised by analysts at FBR & Co from $69.00 to $80.00. They now have a “mkt perform” rating on the stock.
  • 8/1/2017 – Trex was downgraded by analysts at Griffin Securities from a “buy” rating to a “neutral” rating.
  • 7/31/2017 – Trex was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/14/2017 – Trex had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $70.00 price target on the stock.
  • 7/12/2017 – Trex was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/15/2017 – Trex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. “
  • 6/15/2017 – Trex is now covered by analysts at Sidoti. They set a “buy” rating on the stock.
  • 6/14/2017 – Trex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. “
  • 6/9/2017 – Trex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. “

Shares of Trex Company, Inc. (NYSE TREX) traded down 0.01% on Tuesday, reaching $79.09. The company had a trading volume of 204,867 shares. Trex Company, Inc. has a 12 month low of $50.81 and a 12 month high of $82.04. The stock has a 50 day moving average price of $71.09 and a 200-day moving average price of $68.95. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 30.33 and a beta of 2.36.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $158 million for the quarter, compared to the consensus estimate of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Analysts forecast that Trex Company, Inc. will post $2.99 EPS for the current fiscal year.

In other Trex news, SVP William R. Gupp sold 3,500 shares of Trex stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $64.78, for a total transaction of $226,730.00. Following the sale, the senior vice president now owns 41,811 shares of the company’s stock, valued at approximately $2,708,516.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of Trex stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $75.43, for a total value of $150,860.00. Following the sale, the chief financial officer now directly owns 18,167 shares in the company, valued at approximately $1,370,336.81. The disclosure for this sale can be found here. Insiders have sold a total of 33,144 shares of company stock worth $2,319,722 in the last ninety days. 0.95% of the stock is owned by company insiders.

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

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