These Analysts Revise Price Targets On Trex Following Upbeat Q4 Results

Trex Company, Inc. TREX reported better-than-expected results for its fourth quarter.

Trex posted quarterly earnings of 23 cents per share, beating market expectations of 21 cents per share. The company’s quarterly sales came in at $192.09 million, versus estimates of $185.25 million.

Trex said it sees Q1 sales of $230 million to $240 million, versus expectations of $242.45 million.

Trex shares rose 2.7% to $52.80 in pre-market trading.

These analysts made changes to their price targets on Trex following the release of results.

• Barclays raised the price target on Trex from $51 to $53. Barclays analyst Matthew Bouley maintained an Equal-Weight rating.
• Baird raised the price target on Trex from $52 to $58. Baird analyst Timothy Wojs maintained a Neutral rating.
• B. Riley Securities cut the price target on Trex from $65 to $62. B. Riley Securities analyst Alex Rygiel maintained a Buy rating.

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