Loop Capital has revised its price target for Trex Company (TREX, Financial), reducing it from $71 to $62 per share. The reevaluation accompanies a maintained Hold rating for the stock, suggesting a cautious outlook on its future performance.
This adjustment follows a recent survey conducted by the firm, which indicates a slight decrease in demand during the March quarter. Additionally, there is a downward revision in Trex's sales expectations for 2025, reflecting a more conservative forecast for the company's growth in the coming years.
The report is part of a broader analysis focusing on companies in the decking sector, highlighting challenges that may impact market performance moving forward. Investors are advised to consider these updated projections when assessing Trex Company's stock potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Trex Co Inc (TREX, Financial) is $70.71 with a high estimate of $90.00 and a low estimate of $54.00. The average target implies an upside of 30.22% from the current price of $54.31. More detailed estimate data can be found on the Trex Co Inc (TREX) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Trex Co Inc's (TREX, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Trex Co Inc (TREX, Financial) in one year is $73.26, suggesting a upside of 34.9% from the current price of $54.305. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Trex Co Inc (TREX) Summary page.
