JP Morgan raised the price target for the TREX Co., Inc. (NYSE:TREX) stock from “an Underweight” to “a Neutral”. The rating was released on December 14, 2023, according to finviz. We previously noted in another research note published on December 13, 2023 by Barclays that downgraded the stock from an Equal weight to an Underweight with a price target of $74 for TREX stock. The stock was initiated by Goldman, who disclosed in a research note on October 03, 2023, to Buy and set the price objective to $78. In their research brief published August 25, 2023, Citigroup analysts initiated the TREX Co., Inc. stock to Neutral with a price target of $72.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -4.72% within the last five trades and -7.26% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 49.80% in the last 6 months and 9.99% was added to its value over the previous 3 months. TREX stock is trading at a margin of -8.56%, -6.46% and 16.04% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, TREX deals in the Industrials domain. The stock is trading -13.87 percent below its 52-week high and 72.01 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 59.18. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does TREX Co., Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 25.23 percent and the profit margin is 18.76 percent, and the company has reported a gross margin of 41.32 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $9.53 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for TREX Co., Inc. (NYSE:TREX) is 46.50. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 34.79. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 8.71 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 13.30, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.63 percent of TREX Co., Inc. shares are owned by insiders, and 97.44 percent are held by financial institutions. Rudolph Jacob T., the SVP, CHRO at TREX Co., Inc. (TREX) has bought 35 shares of firm on Apr 04 ’24 at a price of $70.37 against the total amount of $2463.0. In another inside trade, FAIRBANKS BRYAN HORIX, President and CEO of TREX Co., Inc. (NYSE:TREX) sold 6,164 shares of the firm on Mar 04 ’24 for a total worth of $0.59 million at a price of $95.95.
