How to Buy Azek Co Stock
Azek Co Inc
The AZEK Company Inc. engages in manufacturing and selling building products for residential, commercial, and industrial markets in the United States.
Azek Co stock last closed at $45.40, down 2.07% from the previous day, and has increased 66% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.07 percentage points. Azek Co stock is currently +96.71% from its 52-week low of $23.08, and -10.59% from its 52-week high of $50.78.
At the moment, there are 145.83M AZEK shares outstanding. The market value of AZEK is $6.62B. In the last 24 hours, 873,668 AZEK shares were traded.
How to Buy Azek Co Stock
Not sure how to invest in Azek Co stock? Here's how.
- Figure out where to buy Azek Co stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Azek Co stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Evaluate Azek Co stock: The Azek Co ticker symbol is AZEK. Is Azek Co stock a good investment? Should you buy shares of AZEK? How do AZEK's underlying business fundamentals look? Do top analysts think Azek Co is a good buy? Why has AZEK's stock price moved recently? (Hint: Our stock market research website can help you evaluate if AZEK is a good stock to buy).
- Execute your AZEK buy order: Decide if you will purchase AZEK shares at the current market price or use a limit order to buy AZEK stock at a particular price.
- Get the latest scoop on your investment in AZEK: Create a watchlist to keep tabs on your position in Azek Co shares.
Step 1: Figure out where to buy Azek Co stock
You need a brokerage account to access the NYSE market and buy AZEK stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to buy AZEK stock today.
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Step 3: Put funds into your brokerage account
Now that you have filled out your info on the best stock trading app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing money into your investment account.
Step 4: Evaluate Azek Co stock
Once you have chosen the best place to buy Azek Co stock, it's absolutely critical to analyze their stock before you invest, so you truly comprehend the risk and opportunity.
Azek Co quick stats
Fundamentals of Azek Co
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on AZEK's stock page.
What is the fair value of AZEK stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge AZEK's intrinsic value.
Using relative valuations measures:
- AZEK could be overvalued based on its P/E ratio of 57.47x, relative to Building Products & Equipment industry P/E ratio of 26.91x
- AZEK could be undervalued based on its P/B ratio of 4.87x, relative to Building Products & Equipment industry P/B ratio of 5.27x
- AZEK could be overvalued based on its PEG ratio of 7.7x
You can do additional valuation research on AZEK's stock here.
AZEK Financial Overview
Passed Health Checks:
- AZEK profit margin has gone up from 2.5% to 8.6% in the past year.
- AZEK earnings of $207.56M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the AZEK balance sheet.
- AZEK's operating cash flow of $339.85M allows it to safely service it's debt of $585.11M.
Failed Health Checks:
- AZEK has a relatively high debt to equity ratio of 0.68.
- There are more long-term liabilities than short-term assets on the AZEK balance sheet.
Is it a good time to buy AZEK stock, according to analysts?
Out of 11 Equities analysts who give recommendations on AZEK, the consensus analyst rating on Azek Co is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent AZEK Analyst Forecasts
Ketan Mamtora, a top 16% analyst from BMO Capital maintains AZEK with a buy rating and raises their AZEK price target from $39.00 to $46.00, on Feb 8, 2024.
Mike Dahl, a top 7% analyst from RBC Capital maintains AZEK with a buy rating and raises their AZEK price target from $43.00 to $49.00, on Feb 7, 2024.
Trey Grooms, a top 2% analyst from Stephens & Co. maintains AZEK with a strong buy rating and raises their AZEK price target from $40.00 to $50.00, on Feb 7, 2024.
Alex Rygiel, a top 1% analyst from B. Riley Securities maintains AZEK with a strong buy rating and raises their AZEK price target from $40.00 to $50.00, on Feb 7, 2024.
Stanley Elliott, a top 3% analyst from Stifel Nicolaus maintains AZEK with a strong buy rating and raises their AZEK price target from $44.00 to $52.00, on Feb 7, 2024.
Stifel Nicolaus's Stanley Elliott raised their price target on Azek Co (NYSE: AZEK) by 18.2% from $44 to $52 on 2024/02/07. The analyst maintained their Strong Buy rating on the stock.
Following the release of the company's 2024/02/06-dated Q1 2024 print, Elliot cited Azek Co's "substantially" improved guidance, quarterly revenue, and profitability that beat expectations" for their price target hike.
The analyst believes management's forecast for FY 2024 is "highly achievable if not conservative," considering the current state of the housing market, the availability of contractors, and low channel inventories.
Earnings Report
For Q1 2024, Azek Co reported:
- EPS of $0.10, which beat the Zacks Consensus Estimate of $0.05 and, by 211.1%, Q1 2023’s $(0.09).
- Revenue of $240.44M, which beat the Zacks Consensus Estimate by 2.70% and, by 11%, Q1 2023’s $216.26M.
- EBITDA of $55.7M, up 269% Y/Y.
Management guided:
For Q2 2024:
- Revenue of $407M to $413M.
- EBITDA of $108M to $112M.
For FY 2024:
- Revenue of $1.385B to $1.425B.
- EBITDA of $353M to $372M.
CEO Jesse Singh commented: “During Q1, we continued to see double-digit Residential sell-through growth driven by material conversion, execution of recent shelf space gains, and contribution from new product innovations across our product portfolio.
“We ended Q1 with channel inventory levels continuing to be conservatively below historical averages and with ample manufacturing capacity to service our customers effectively.
“We also see positive momentum coming out of our recent shelf space negotiations for this upcoming building season and from the new product innovations we have launched for the 2024 season.
“We are raising our FY 2024 outlook driven by our Q1 results as well as our increased visibility and confidence in our margin drivers.
“Our growth and productivity initiatives are on track, and our team is focused on execution to drive above-market growth and margin expansion in FY 2024 and beyond.”
You can dig deeper into what analysts are saying on the Azek Co stock forecast page.
AZEK Technical Indicators
AZEK Earnings
Last year, AZEK earnings were $119.51M. During the last 2 year, AZEK's earnings have grown by 10.24% per year. This was slower than the Building Products & Equipment industry average of 10.91%.
Last year, AZEK revenue was $1.39B. During the past 3 year, AZEK's revenue has gone up by 78.02% per year. This was faster than the Building Products & Equipment industry average of 7.85%.
Dive into AZEK's earnings and revenue performance here.
Latest Insiders Trades at AZEK
Over the last 12 months, insiders at AZEK have sold more shares than they have bought.
Jesse G. Singh, CEO and President of AZEK, was the latest AZEK insider to sell. They sold $344,170.95 worth of AZEK shares on Apr 10, 2024.
Dig into more about who owns AZEK stock here.
Does AZEK stock generate passive income?
No, Azek Co doesn't provide an income stream by paying out dividends.
What others are saying about AZEK
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your AZEK buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.
Press the Open button and eToro will place the order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in AZEK
Now that you own some AZEK stock, you'll want to keep up with your company.
Put AZEK on a watchlist to get notified of important updates regarding your AZEK stock.
AZEK Feed
How to Buy Stock in Azek Co
To reiterate, here are the 6 steps you need to take to buy Azek Co stock right now:
- Figure out where to buy Azek Co stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Azek Co stock
- Execute your AZEK buy order
- Get the latest scoop on your investment in AZEK
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your investment in Azek Co, get started below.
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