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Beacon Roofing Supply (BECN) Stock Forecast & Price Target

Beacon Roofing Supply logo
$92.07
-3.40 (-3.56%)
(As of 10/31/2024 ET)

Beacon Roofing Supply - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
2
Buy
8

Based on 10 Wall Street analysts who have issued ratings for Beacon Roofing Supply in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for BECN.

Consensus Price Target

$114.33
24.18% Upside
According to the 10 analysts' twelve-month price targets for Beacon Roofing Supply, the average price target is $114.33. The highest price target for BECN is $135.00, while the lowest price target for BECN is $95.00. The average price target represents a forecasted upside of 24.18% from the current price of $92.07.
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BECN Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
10 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$114.33$111.30$111.00$89.40
Forecasted Upside24.18% Upside31.17% Upside29.98% Upside22.52% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

BECN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BECN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Beacon Roofing Supply Stock vs. The Competition

TypeBeacon Roofing SupplyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.80
2.50
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside24.18% Upside40.03% Upside10.63% Upside
News Sentiment Rating
Neutral News

See Recent BECN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/16/2024Robert W. Baird
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$115.00 ➝ $120.00+28.59%
8/5/2024Stephens
4 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$107.00 ➝ $95.00+15.54%
8/2/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$119.00 ➝ $113.00+32.12%
5/28/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$100.00 ➝ $117.00+20.35%
5/3/2024Truist Financial
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 Boost TargetHold ➝ Hold$90.00 ➝ $95.00-2.40%
4/18/2024Benchmark
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 Initiated CoverageBuy$135.00+44.88%
4/11/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $120.00+21.14%
4/1/2024Loop Capital
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 Boost TargetBuy ➝ Buy$110.00 ➝ $115.00+14.82%
1/8/2024William Blair
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R. Merkel
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UpgradeMarket Perform ➝ Outperform
12/19/2023Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$115.00 ➝ $119.00+37.07%
10/12/2023Jefferies Financial Group
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 Lower Target$92.00 ➝ $89.00+14.18%
8/8/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$102.00 ➝ $108.00+29.71%
8/7/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$75.00 ➝ $95.00+14.05%
3/10/2023Zelman & Associates
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 DowngradeHold ➝ Sell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:28 PM ET.


BECN Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Beacon Roofing Supply is $114.33, with a high forecast of $135.00 and a low forecast of $95.00.

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BECN shares.

According to analysts, Beacon Roofing Supply's stock has a predicted upside of 24.18% based on their 12-month stock forecasts.

Beacon Roofing Supply has been rated by research analysts at Robert W. Baird, Royal Bank of Canada, and Stephens in the past 90 days.

Analysts like Beacon Roofing Supply more than other "retail/wholesale" companies. The consensus rating for Beacon Roofing Supply is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how BECN compares to other companies.


This page (NASDAQ:BECN) was last updated on 10/31/2024 by MarketBeat.com Staff
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