Trex Company (TREX) Receives Price Target

Trex Company (TREX) : Average target price received by Trex Company (TREX) is $55 with an expected standard deviation of $8.28. The most aggressive target on the stock is $65, whereas the most downbeat target is $43. 5 financial analysts are currently covering the stock.

Trex Company (TREX) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.


Also, In a research note released to the investors, Wedbush downgrades its rating on Trex Company (NYSE:TREX).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 3, 2016.

Trex Company (NYSE:TREX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.98 and $61.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.04, notching a gain of 0.16% for the day. The total traded volume was 200,751 . The stock had closed at $61.94 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.

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