Trex Company Price Target Increased Amid Positive Market Trends TREX Stock News
| TREX Stock | USD 64.30 0.88 1.39% |
Slightly above 53% of Trex's investors are presently thinking to get in. The analysis of overall sentiment of trading Trex Company stock suggests that some investors are interested at this time. Trex's investing sentiment can be driven by a variety of factors including economic data, Trex's earnings reports, geopolitical events, and overall market trends.
Loop Capital has increased its price target for Trex Company from 62 to 66 while maintaining a Hold rating on the stock. Analyst Jeffrey Stevenson high
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Trex Fundamental Analysis
We analyze Trex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trex based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Outstanding
Shares Outstanding Comparative Analysis
Trex is currently under evaluation in shares outstanding category among its peers. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Trex Company Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trex stock to make a market-neutral strategy. Peer analysis of Trex could also be used in its relative valuation, which is a method of valuing Trex by comparing valuation metrics with similar companies.
Peers
Trex Related Equities
| APOG | Apogee Enterprises | 1.72 | ||||
| CSL | Carlisle Companies | 1.61 | ||||
| JCI | Johnson Controls | 1.41 | ||||
| NX | Quanex Building | 0.93 | ||||
| MAS | Masco | 0.92 | ||||
| FBIN | Fortune Brands | 0.79 | ||||
| OC | Owens Corning | 0.69 | ||||
| AWI | Armstrong World | 0.56 | ||||
| ROCK | Gibraltar Industries | 0.17 | ||||
| CARR | Carrier Global | 0.57 | ||||
| LII | Lennox International | 0.89 | ||||
| TT | Trane Technologies | 1.20 | ||||
| BLDR | Builders FirstSource | 1.54 |
Additional Tools for Trex Stock Analysis
When running Trex's price analysis, check to measure Trex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trex is operating at the current time. Most of Trex's value examination focuses on studying past and present price action to predict the probability of Trex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trex's price. Additionally, you may evaluate how the addition of Trex to your portfolios can decrease your overall portfolio volatility.