Shares of Trex Company Inc (NYSE:TREX) have received an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $85.29.
Several brokerages recently commented on TREX. Stifel Nicolaus reduced their price target on Trex from $100.00 to $89.00 and set a “hold” rating for the company in a research report on Friday, December 8th. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. B. Riley reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Trex in a research report on Wednesday, November 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Trex in a research report on Wednesday, November 1st. Finally, FBR & Co raised their price objective on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st.
In related news, VP Jay T. Scripter sold 1,116 shares of Trex stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $108.59, for a total transaction of $121,186.44. Following the completion of the sale, the vice president now directly owns 14,212 shares of the company’s stock, valued at approximately $1,543,281.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard E. Posey sold 2,322 shares of Trex stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $111.19, for a total value of $258,183.18. Following the sale, the director now directly owns 11,591 shares of the company’s stock, valued at $1,288,803.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,014 shares of company stock valued at $764,529. Insiders own 0.95% of the company’s stock.
Shares of Trex (TREX) traded up $0.72 during midday trading on Monday, reaching $109.11. The company had a trading volume of 196,856 shares, compared to its average volume of 234,993. Trex has a 1 year low of $61.57 and a 1 year high of $118.65. The firm has a market capitalization of $3,121.98, a PE ratio of 35.02 and a beta of 2.43.
Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. Trex had a return on equity of 51.30% and a net margin of 16.61%. The firm had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. equities analysts forecast that Trex will post 3.11 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Brokerages Set Trex Company Inc (TREX) Price Target at $85.29” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2017/12/21/brokerages-set-trex-company-inc-trex-price-target-at-85-29.html.
Trex Company Profile
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.
Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.