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Zacks Investment Research downgraded Trex Company Inc (NYSE:TREX) to Hold in a report released today.

Yesterday Trex Company Inc (NYSE:TREX) traded -1.17% lower at $59.33. The company’s 50-day moving average is $59.72 and its 200-day moving average is $50.60. The last stock close price is up 18.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 133,675 shares of the stock were exchanged, down from an average trading volume of 255,891

Zacks Investment Research has downgraded Trex Company Inc (NYSE:TREX) to Hold in a report released on 10/06/2016.

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Trex Company Inc (NYSE:TREX)

Trex Company Inc has a price-earnings ratio of 31.18 with a one year low of $31.11 and a one year high of $64.36 TREX’s total market value is presently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 7 equity analysts have released a ratings update on Trex Company Inc. The 12-month price target is $49.00 with three analysts rating the company a strong buy, 1 brokerage rating the stock a buy, 4 firms rating the stock a hold, 0 brokers rating the company a underperform, and lastly zero 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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