On Oct 30, major Wall Street analysts update their ratings for $Trex Co. (TREX.US)$, with price targets ranging from $72 to $97.
BofA Securities analyst Rafe Jadrosich maintains with a buy rating.
BMO Capital analyst Ketan Mamtora maintains with a hold rating, and adjusts the target price from $67 to $72.
Loop Capital analyst Jeffrey Stevenson downgrades to a hold rating, and adjusts the target price from $95 to $72.
Truist Financial analyst Keith Hughes maintains with a buy rating.
B.Riley Financial analyst Alex Rygiel maintains with a buy rating, and maintains the target price at $97.
Furthermore, according to the comprehensive report, the opinions of $Trex Co. (TREX.US)$'s main analysts recently are as follows:
The firm anticipates a potential relief rally for Trex Company following the earnings report, influenced by reduced startup costs anticipated in 2025. Nevertheless, the current quarter might not provide the definitive resolution investors were hoping for, as it still relies on several optimistic projections for 2025.
Following the company's third-quarter earnings surpassing expectations, it was observed that the anticipated decline in demand did not materialize as previously thought during the second-quarter call. Current projections suggest a modest decrease in fourth-quarter sell-through, contrasting with earlier predictions of a more significant drop, and a stable outlook for the following fiscal year. The extent of pre-purchase activities in the winter season may influence first-quarter outcomes, yet there is a growing optimism regarding demand and prospects for EBITDA expansion in the year 2025.
The firm noted that Trex Company's Q3 results surpassed expectations and although the implied Q4 guidance falls short of forecast, sell-out trends were somewhat better than anticipated, offering a measure of relief.
Here are the latest investment ratings and price targets for $Trex Co. (TREX.US)$ from 6 analysts:
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美东时间10月30日，多家华尔街大行更新了$Trex Co. (TREX.US)$的评级，目标价介于72美元至97美元。
美银证券分析师Rafe Jadrosich维持买入评级。
BMO资本市场分析师Ketan Mamtora维持持有评级，并将目标价从67美元上调至72美元。
Loop Capital分析师Jeffrey Stevenson下调至持有评级，并将目标价从95美元下调至72美元。
储亿银行分析师Keith Hughes维持买入评级。
莱利金融分析师Alex Rygiel维持买入评级，维持目标价97美元。
此外，综合报道，$Trex Co. (TREX.US)$近期主要分析师观点如下：
该公司预计特雷克斯公司在2025年预期的减少启动成本的影响下，可能会出现一次潜在的减轻反弹行情。然而，当前季度可能并不能为投资者提供他们期望的明确解决方案，因为它仍然依赖于2025年的几项乐观预测。
在该公司第三季度业绩超过预期之后，观察到在第二季度电话会议中预期的需求下降并没有像之前设想的那样实现。目前的预测表明第四季度的销售量将略微下降，与早前预测的大幅降低形成对比，并对接下来的财政年度展望稳定。冬季季节中的预购活动程度可能会影响第一季度的业绩，但对2025年的需求和EBITDA扩张前景持续乐观。
该公司注意到特雷克斯公司的第三季度业绩超出了预期，尽管暗示的第四季度指导值低于预测，但销售走势比预期略好，提供了一定程度的宽慰。
以下为今日6位分析师对$Trex Co. (TREX.US)$的最新投资评级及目标价：
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