Trex Company Inc. Is Building Something Big
When Trex Company Inc. (NYSE: TREX) reported an estimate-crushing earnings report after the market closed on Oct. 30, investors were rewarded with a huge day when shares started trading on Oct. 31. By the end of the day, Trex's stock had jumped a whopping 25% to more than $107 per share, a tidy sum most investors would be happy with over a couple of years.
So what's driving Trex's results and its profits up? In short, operating leverage that's throwing off a ton of cash, with strong -- and growing -- demand for its products. Even better, there are some signs that demand is on track to remain strong. Let's take a closer look.
Image source: Trex Company.
Source: Fool.com
Trex Co. Inc. Stock
€61.04
2.080%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Trex Co. Inc. stock is not clear.
As a result the target price of 100 € shows a very positive potential of 63.83% compared to the current price of 61.04 € for Trex Co. Inc..
