NYSE:TREX

68.23
2.55 (3.60%) 1d
0
BUY ON WEAKNESS
Trex Company Inc.

Rising interest rates have hurt the housing sector. This includes TREX. He's long liked this company for its fine products. It's had a great year until early August. Since that peak, it's fallen over 15%. They had a great investors day a week ago and forecast a superb second half of 2023. When the Fed stops hiking interest rates, TREX will spike.

contractors
HOLD
Trex Company Inc.
Housing-adjacent stocks are a tough space. TREX does mixed-composite decking, which is more expensive decking than lumber. They warned of lower capex for the second-half of 2022 based in weakening inventory demand. In the long-term, this is a growth driver within housing-adjacent stocks. She added to this earlier this year and will watch for normalization of inventories in the professionals channel. Hold on.
contractors
BUY
Trex Company Inc.
There is a severe housing shortage. A nice way to play housing this is in the repair side. Rising rates will prevent homeowners from moving into new homes and they will stay in place. So, this will drive home renovations. We need to add more supply to homes in the next 12-18 months, but until then there will be pressure on this space.
contractors
BUY
Trex Company Inc.
She's owned this for a while. It's down 40% from highs, so attractive now. She expects home repairs to continue. She loves the housing-adjacent trade.
contractors
BUY ON WEAKNESS
Trex Company Inc.
They make faux-wood decking and railing. He's long liked it. It rallied until 3 weeks ago when the current rotation kicked in. Wall Street is fickle. TREX has had so much demand they are building another factory. And last week they reported 40% revenue growth. But the stock has fallen 18% from highs after management released weaker guidance.
contractors
TOP PICK
Trex Company Inc.
Will go up because the shorts will have to be covering at some point. A low-cost producer in a fast-growing market.
contractors
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Trex Company Inc.(TREX-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Trex Company Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Trex Company Inc.(TREX-N) Frequently Asked Questions

What is Trex Company Inc. stock symbol?

Trex Company Inc. is a American stock, trading under the symbol TREX-N on the New York Stock Exchange (TREX). It is usually referred to as NYSE:TREX or TREX-N

Is Trex Company Inc. a buy or a sell?

In the last year, there was no coverage of Trex Company Inc. published on Stockchase.

Is Trex Company Inc. a good investment or a top pick?

Trex Company Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Trex Company Inc..

Why is Trex Company Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Trex Company Inc. worth watching?

0 stock analysts on Stockchase covered Trex Company Inc. In the last year. It is a trending stock that is worth watching.

What is Trex Company Inc. stock price?

On 2024-11-15, Trex Company Inc. (TREX-N) stock closed at a price of $68.23.