Trex Company (TREX) Receives a Sell from Bank of America Securities
In a report released today, Rafe Jadrosich from Bank of America Securities reiterated a Sell rating on Trex Company, with a price target of $43.00.
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According to TipRanks, Jadrosich is a 5-star analyst with an average return of 10.0% and a 57.22% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as PulteGroup, Somnigroup International, and Toll Brothers.
In addition to Bank of America Securities, Trex Company also received a Sell from Barclays’s Matthew Bouley in a report issued today. However, on the same day, Robert W. Baird maintained a Buy rating on Trex Company (NYSE: TREX).
Based on Trex Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $285.35 million and a net profit of $51.77 million. In comparison, last year the company earned a revenue of $233.72 million and had a net profit of $40.55 million
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- Trex Company price target raised to $50 from $48 at Baird
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- Trex Company price target raised to $42 from $37.50 at Stifel
- Trex Company price target raised to $46 from $40 at Deutsche Bank
