Trex Company (TREX) is Initiated by FBR Capital to Outperform, Price Target at $50

Trex Company (TREX) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $50. FBR Capital advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Trex Company. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .

On the company’s financial health, Trex Company reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.65. The company had revenue of $131.70 million for the quarter, compared to analysts expectations of $131.48 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Trex Company closed down -0.35 points or -0.78% at $44.31 with 4,52,994 shares getting traded on Friday. Post opening the session at $44.48, the shares hit an intraday low of $44.29 and an intraday high of $44.91 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 17, 2016, Frank H Jr Merlotti (director) sold 1,709 shares at $41.31 per share price. According to the SEC, on May 13, 2016, James E Cline (President and CEO) sold 6,386 shares at $43.09 per share price. On Apr 18, 2016, William R. Gupp (Sr VP,Gen. Counsel & Secretary) sold 11,648 shares at $49.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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 range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Company’s 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. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Company’s steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Company’s cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.

Trex Company

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