Trex (NYSE:TREX) Stock Gets Price Target Increase from Citigroup

by · The Markets Daily

Trex (NYSE:TREX – Get Free Report) had its price target boosted by analysts at Citigroup from $52.00 to $59.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup‘s price target points to a potential upside of 7.51% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Stephens lifted their price target on Trex from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. UBS Group restated a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 target price (up from $49.00) on shares of Trex in a research note on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and set a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Finally, Stifel Nicolaus set a $55.00 price target on shares of Trex and gave the stock a “buy” rating in a research report on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trex presently has a consensus rating of “Moderate Buy” and an average target price of $55.18.

Get Our Latest Stock Analysis on Trex

Trex Stock Performance

Shares of TREX stock traded down $1.13 during midday trading on Thursday, reaching $54.88. 2,434,295 shares of the company were exchanged, compared to its average volume of 1,677,417. Trex has a 12 month low of $29.77 and a 12 month high of $60.21. The company has a market cap of $5.70 billion, a P/E ratio of 31.91, a PEG ratio of 2.93 and a beta of 1.46. The company’s 50 day moving average price is $46.31 and its two-hundred day moving average price is $43.43.

Trex (NYSE:TREX – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. Trex had a net margin of 14.68% and a return on equity of 18.03%. The business had revenue of $359.50 million during the quarter, compared to analysts’ expectations of $314.86 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts predict that Trex will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Trex

A number of institutional investors and hedge funds have recently modified their holdings of TREX. Russell Investments Group Ltd. boosted its position in shares of Trex by 6.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 225,021 shares of the construction company’s stock valued at $9,803,000 after purchasing an additional 12,853 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Trex during the 3rd quarter worth about $6,810,000. AlphaCore Capital LLC lifted its stake in Trex by 95.1% during the third quarter. AlphaCore Capital LLC now owns 8,732 shares of the construction company’s stock valued at $380,000 after buying an additional 4,257 shares in the last quarter. Parallel Advisors LLC lifted its stake in Trex by 10.3% during the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock valued at $179,000 after buying an additional 382 shares in the last quarter. Finally, Platform Technology Partners purchased a new stake in Trex during the third quarter valued at about $209,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trending Headlines about Trex

Here are the key news stories impacting Trex this week:

  • Positive Sentiment: Trex reported Q3 EPS of $0.55, above the $0.48 consensus, and revenue of $359.5 million versus estimates of $314.9 million. Sales rose 26% year over year, and coverage noted the company reached a new one-year high following the results. Trex Shares Rise After Higher 3Q Profit, Sales
  • Positive Sentiment: The company raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a longer-term goal of $2 billion in revenue by 2030. A Q3 analysis highlighted volume-driven growth and a distribution transition as supports for the outlook. Trex targets $2B revenue by 2030 and raises 2026 outlook Q3 deep dive on growth and outlook
  • Positive Sentiment: Bank of America upgraded Trex from “underperform” to “buy” and raised its target to $65. Truist also reiterated a “buy” rating and lifted its target to $75, reinforcing the bullish view of the earnings and outlook. Bank of America upgrade coverage Truist price target update
  • Neutral Sentiment: Citigroup raised its target from $52 to $59 but kept a “neutral” rating, suggesting some upside while stopping short of a bullish endorsement. Citigroup price target update
  • Negative Sentiment: Barclays raised its target from $42 to $46 but maintained an “underweight” rating, indicating it sees the shares as overvalued at recent levels. A separate valuation article also questions whether the post-results gains leave Trex fully valued. Barclays price target update Is Trex fully valued?

Trex Company Profile

(Get Free Report)

Trex Company, Inc is a manufacturer of composite decking and outdoor living products. Its offerings are designed as alternatives to traditional wood and include residential and commercial decking, railing systems, outdoor lighting, and related accessories.

The company’s products are marketed under the Trex brand and include decking lines such as Trex Transcend, Trex Select, and Trex Enhance. Trex composite products are made primarily from recycled wood fibers and recycled polyethylene plastics, supporting the company’s focus on low-maintenance and environmentally oriented outdoor building materials.

Founded in 1996 and headquartered in Winchester, Virginia, Trex serves customers through a network of distributors, dealers, retailers, contractors, and building professionals.

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