JPMorgan Chase & Co. Issues Pessimistic Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $71.00 to $40.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.59% from the company’s current price.

TREX has been the subject of several other reports. B. Riley reaffirmed a “buy” rating and set a $57.00 target price (down from $80.00) on shares of Trex in a research note on Wednesday. Robert W. Baird upgraded shares of Trex from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Bank of America restated an “underperform” rating and issued a $36.00 target price (down from $67.00) on shares of Trex in a report on Wednesday. The Goldman Sachs Group set a $63.00 target price on shares of Trex and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Trex from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.89.

Trex Stock Down 1.8%

TREX traded down $0.58 during trading on Thursday, hitting $31.85. The company’s stock had a trading volume of 7,254,038 shares, compared to its average volume of 1,777,199. Trex has a one year low of $31.21 and a one year high of $80.74. The firm has a market cap of $3.42 billion, a PE ratio of 18.41, a P/E/G ratio of 2.02 and a beta of 1.49. The business’s 50 day simple moving average is $53.54 and its 200-day simple moving average is $57.51.

Trex (NYSE:TREX) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). Trex had a return on equity of 21.27% and a net margin of 16.53%.The business had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Trex will post 2.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Trex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. bought a new stake in shares of Trex in the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Trex in the 3rd quarter valued at about $31,000. Parallel Advisors LLC raised its holdings in shares of Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after purchasing an additional 232 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trex in the 2nd quarter valued at about $60,000. Finally, Brooklyn Investment Group raised its holdings in shares of Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.