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Last Price: 87.77 - Change: -1.21 - Change %: -1.3599
04/17/2024 16:10:00 EST

Trex Company Inc (TREX)

Industry: Building Products & Equipment

Price Support Resistance

In the past 20 trading days, TREX has been trading in a range between $100.10 and $91.92 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Trex Company Inc $TREX entered a Red zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $75.06, a potential down side of -14.48% from the recent price of 87.77. Our AI powered stock target predictor currently has a target price of $17.33 a potential move of -80%. The stock is trading 16.11% (potential upside) below its 52 week high of $101.91 and 72.03 % (potential downside) above its 52 week low of $51.02 - based on the recent price.

Company Summary

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

TREX Website

News

Trex Named Most Sustainable Decking Brand
Composite Decking Leader Honored by Green Building Community for 14th Consecutive Year Composite Decking Leader Honored by Green Building Community for 14th Consecutive Year
Source: GlobeNewsWire
Mon, 08 Apr 2024 09:05:00 -0400
Sentiment: Neutral
Trex and REI Co-op Team Up to Expand Signature Camping Experience near Bryce Canyon National Park
WINCHESTER, Va.--(BUSINESS WIRE)--For the past four years, Trex Company [NYSE:TREX] and REI Co-op have partnered to divert plastic film waste collected at the specialty outdoor retailer's stores and fulfillment centers for use in the making of Trex's eco-friendly, long-lasting and beautiful composite decking. When it came time for REI to expand its Signature Camp near Bryce Canyon National Park in Utah, it was only natural that the brands work together to highlight the full-circle efforts at RE.
Source: Business Wire
Wed, 03 Apr 2024 09:00:00 -0400
Sentiment: Neutral
Trex Transcend® Lineage™ Composite Decking Recognized in Good Housekeeping's 2024 Sustainable Innovation Awards
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE: TREX] was recognized as a winner in Good Housekeeping's 2024 Sustainable Innovation Awards for its innovative Trex Transcend® Lineage™ decking. The full list of awards can be found on https://www.goodhousekeeping.com/institute/a46106345/sustainable-innovation-awards-2024/. “We are extremely honored to receive this recognition from Good Housekeeping because it highlights our ongoing commitment to providing homeowners with high-quality, eco-fr.
Source: Business Wire
Tue, 12 Mar 2024 08:00:00 -0400
Sentiment: Neutral
Trex CEO: High interest rates forcing people to stay in existing homes
Trex CEO Bryan Fairbanks joins 'The Exchange' to discuss housing trends under the current rate environment, trends in the housing market since the Covid-19 pandemic, and more.
Source: CNBC Television
Tue, 05 Mar 2024 14:20:34 -0500
Sentiment: Negative
Trex Ranked Among Barron's 100 Most Sustainable Companies for 2024
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE:TREX], the world's largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, is proud to announce its inclusion in Barron's prestigious list of the 100 Most Sustainable Companies for 2024. In its debut appearance, Trex came in at #68 and is the only decking brand to be included on this year's list. Barron's, a leading financial publication, annually ident.
Source: Business Wire
Tue, 05 Mar 2024 08:00:00 -0500
Sentiment: Neutral
Instituions Institution %: 98.811
Last QTR Institution change: 3008813

Insiders
Insiders %: 0.693
Insiders Purchases last QTR: 35
Insiders Sales last QTR: 0
Insiders Net last QTR: 35

Analyst Ratings
Target Price: 75.06
Overall Rating: 3.8421
Strong Buys (5): 8
Buys (4): 1
Holds (3): 9
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 101.91
52 Week Low: 51.025
Beta: 1.588
50 Day MA: 93.8352
200 Day MA: 75.6372

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 1.23
Qtr Revenue Growth YOY: 0.019
Forward PE: 42.0168
Trailing PE: 47.0794

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