Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Trex Company (NYSE:TREX) on Monday, setting a price target of $86, which is approximately 16.19% below the present share price of $102.61.
Maroccia expects Trex Company to post earnings per share (EPS) of $0.37 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Trex Company, with an average price target of $88.5.
The analysts price targets range from a high of $94 to a low of $84.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $231.5 million and a net profit of $56.94 million. The company's market cap is $11.88 billion.
According to TipRanks.com, Berenberg Bank analyst Alex Maroccia is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 43.6% and a 85.54% success rate.
Trex Co., Inc. engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products. The company was founded by Andrew U. Ferrari (NYSE:RACE) and Roger A. Wittenberg on September 4, 1998 and is headquartered in Winchester, VA.