Berenberg Bank analyst Alexander Leach maintained a Buy rating on Trex Company (NYSE:TREX) on Tuesday, setting a price target of $130, which is approximately 13.78% above the present share price of $114.26.
Leach expects Trex Company to post earnings per share (EPS) of $0.53 for the fourth 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 $115.75.
The analysts price targets range from a high of $130 to a low of $105.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $311.6 million and a net profit of $82.36 million. The company's market cap is $13.18 billion.
According to TipRanks.com, Berenberg Bank analyst Alexander Leach is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 20.4% and a 85.71% 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.