In a report issued on January 19, Timothy Wojs from Robert W. Baird maintained a Hold rating on Trex Company (TREX – Research Report), with a price target of $120.00. The company’s shares closed last Thursday at $86.18, close to its 52-week low of $81.76.
According to TipRanks.com, Wojs is a 3-star analyst with an average return of 2.2% and a 51.7% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co, Lennox International, and Carlisle Companies.
Trex Company has an analyst consensus of Hold, with a price target consensus of $129.20, a 42.3% upside from current levels. In a report issued on January 19, UBS also initiated coverage with a Hold rating on the stock with a $111.00 price target.
Trex Company’s market cap is currently $9.92B and has a P/E ratio of 43.97.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TREX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Trex Co., Inc. engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg on September 4, 1998 and is headquartered in Winchester, VA.
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