Trex (NYSE:TREX) has been downgraded from Outperform to Neutral in a statement by Wedbush earlier today.
- Updated: September 18, 2016
Having a price of $56.95, Trex (NYSE:TREX) traded 1.13% lower on the day. With the last close up 15.87% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. Trex has registered a 50-day average of $58.67 and two hundred day average of $48.86. Trade volume was was up over the average, with 404,670 shares of TREX changing hands over the typical 272,626 shares.
Wedbush has downgraded Trex(NYSE:TREX) from Outperform to Neutral in a report released 8/03/2016.
See Graphic Below:
In addition to Wedbush reporting it’s stock price target, a total of 7 firms have issued a report on the company. The consensus target price is $49.00 with three firms rating the company a strong buy, one analyst rating the company a buy, four firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the stock as sell.
Trex has a PE of 30 with a one-year low of $31.11 and a one-year high of $64.36 and has a market capitalization of $0.0.
Brief Synopsis About Trex (NYSE:TREX)
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 set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. Its decking products include Trex Transcend, Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing, Trex Select Railing and Trex Reveal aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, a porch product, and a fencing product called Trex Seclusions. The Company offers TrexTrim product, which is a cellular polyvinyl chloride residential exterior trim product. It offers a triple-coated steel deck framing system called Trex Elevations. The Company offers outdoor lighting systems, including Trex DeckLighting and Trex Landscape Lighting. It also offers Trex Hideaway, and which a hidden fastening system for grooved boards.
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