Deutsche Bank Upgrades Trex to Buy from Hold
Fintel reports that on October 8, 2026, Deutsche Bank upgraded their outlook for Trex (NYSE:TREX) (BMV:TREX1) from Hold to Buy.
This rating change follows a prior action on July 14, 2026, when Deutsche Bank maintained its rating of Hold.
On October 8, 2026, the latest close for Trex was $44.44. The day before the rating action, October 7, 2026, the stock closed at $43.82. Looking at recent trends, the price change over one week was +2.16% from a baseline close of $43.50 on October 1, 2026. Over a one-month period, the price change was -2.93% from a baseline close of $45.78 on September 8, 2026.
Separately, the current consensus target mean for the stock was $55.47 as of October 2, 2026, which represents an implied change of +24.81% from recent levels. The median consensus target on that same date was $57.12. This current mean target is unchanged from the prior consensus target mean of $55.47 recorded on September 15, 2026, representing a consensus target revision of 0.00%.
As of the current recommendation period starting September 1, 2026, the aggregate analyst sentiment shows a total of 27 recommendations. This includes 5 strong buy, 10 buy, 10 hold, 2 sell, and 0 strong sell recommendations. These figures represent 55.6% positive, 37.0% hold, and 7.4% negative recommendations. This distribution is identical to the prior recommendation period starting August 1, 2026, which also had 27 total recommendations with the same breakdown of 5 strong buy, 10 buy, 10 hold, 2 sell, and 0 strong sell ratings.
Trex last reported earnings on August 4, 2026. The company reported actual earnings per share (EPS) of 0.65, compared to the analyst estimate of 0.6437, representing a positive surprise of +0.98%. Actual revenue for the quarter was $418,019,000.00, which was below the estimated revenue of $421,836,840.00. The company's upcoming earnings date is scheduled for November 4, 2026.
Trex Company, Inc. is based in the United States and operates primarily in the building products industry. The company is a manufacturer of wood-alternative decking and railing, utilizing recycled materials. Its product portfolio includes deck framing and drainage, outdoor lighting, furniture, pergolas, and fencing.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Deutsche Bank | Hold | Buy | upgrade |
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.