Trex Company (TREX) : 6 analysts are covering Trex Company (TREX) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Trex Company (TREX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Trex Company (TREX) : The consensus price target for Trex Company (TREX) is $48.8 for the short term with a standard deviation of $4.55. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $43.
For the current week, the company shares have a recommendation consensus of Buy.
Trex Company (NYSE:TREX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.48 and $53.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.69, notching a gain of 1.30% for the day. The total traded volume was 1,038,837 . The stock had closed at $56.95 on the previous day.
Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. The Companys decking products include Trex Transcend, Trex Enhance, and Trex Select. The Companys railing products include Trex Transcend Railing, Trex Select Railing, and Trex Reveal aluminum railing. The Company offers porch product, Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Companys steel deck framing system. The Company offers fencing product, Trex Seclusions. The Company offers outdoor lighting systems, Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Companys cellular PVC outdoor trim product. The Company offers Trex Hideaway, which is a hidden fastening system for specially grooved boards.