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Trex Company (TREX) Gets a Hold from J.P. Morgan

Tipranks - Tipranks - Mon May 11, 9:00AM CDT

J.P. Morgan analyst Michael Rehaut reiterated a Hold rating on Trex Company on May 7. The company’s shares closed last Friday at $39.19.

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According to TipRanks, Rehaut is a 4-star analyst with an average return of 5.8% and a 54.53% success rate. Rehaut covers the Consumer Cyclical sector, focusing on stocks such as Taylor Morrison, Whirlpool, and PulteGroup.

In addition to J.P. Morgan, Trex Company also received a Hold from William Blair’s Ryan Merkel in a report issued on May 7. However, on May 8, D.A. Davidson maintained a Buy rating on Trex Company (NYSE: TREX).

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Based on Trex Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $343.4 million and a net profit of $61.4 million. In comparison, last year the company earned a revenue of $339.99 million and had a net profit of $60.43 million

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