Trex Company Inc. Stock Jumped 22% Last Month (and the Future Looks Great)
October was another fantastic month for Trex Company Inc. (NYSE: TREX) investors. with shares finishing October 21.5% higher than they started. So far this year, Trex stock is up a remarkable 60%.
The biggest catalyst for Trex's stock in October was also what's helped drive it higher all year: solid, expectations-beating earnings results.
Trex reported its third-quarter results on Oct. 30, crushing Wall Street analyst estimates with sales up 32%, earnings up 262%, and solid guidance for the rest of the year. Trex's results were so far above the market's expectations that its shares surged more than 25% in the first day of trading following the earnings release.
Source: Fool.com
Trex Co. Inc. Stock
€58.42
0.520%
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 71.17% compared to the current price of 58.42 € for Trex Co. Inc..
