Zacks Investment Research downgraded Trex Company Inc (NYSE:TREX) to Hold in a report released today.
- Updated: December 1, 2016
Yesterday Trex Company Inc (NYSE:TREX) traded -2.96% lower at $65.79. The company’s 50-day moving average is $59.93 and its 200-day moving average is $53.78. The last stock close price is up 22.34% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 426,078 shares of the stock were exchanged, up from an average trading volume of 256,481
Zacks Investment Research has downgraded Trex Company Inc (NYSE:TREX) to Hold in a report released on 12/01/2016.
Previously on 11/30/2016, Zacks Investment Research reported about Trex Company Inc (NYSE:TREX) raised the target price from $0.00 to $76.00. At the time, this indicated a possible upside of 0.12%.
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Trex Company Inc has a 52 week low of $31.11 and a 52 week high of $72.21 with a P/E ratio of 31.86 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $49.00 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Trex Company Inc (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, which a hidden fastening system for grooved boards.
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