.jpg "Trex Company (NYSE: TREX)")
Stephens analyst Trey Grooms reiterated a Hold rating on Trex Company (NYSE: TREX) yesterday and set a price target of $75. The company’s shares closed yesterday at $79.22, close to its 52-week high of $80.19.
According to TipRanks.com, Grooms is a 2-star analyst with an average return of 1.9% and a 47.3% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Builders Firstsource.
Trex Company has an analyst consensus of Moderate Buy, with a price target consensus of $81.60, a 3.0% upside from current levels. In a report issued on July 30, Stifel Nicolaus also reiterated a Hold rating on the stock with a $110 price target.
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Trex Company’s market cap is currently $4.65B and has a P/E ratio of 39.51. The company has a Price to Book ratio of 15.61.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg in 1996 and is headquartered in Winchester, VA.
