Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have been given a consensus recommendation of "Hold" by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $33.96.
Several equities analysts have commented on the company. Jefferies Financial Group upgraded Beacon Roofing Supply from a "hold" rating to a "buy" rating and increased their price target for the company from $33.00 to $44.00 in a report on Wednesday, October 14th. ValuEngine downgraded shares of Beacon Roofing Supply from a "sell" rating to a "strong sell" rating in a report on Friday, November 27th. Robert W. Baird boosted their target price on shares of Beacon Roofing Supply from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, November 20th. Loop Capital raised their price target on Beacon Roofing Supply from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, November 20th. Finally, Royal Bank of Canada boosted their price objective on Beacon Roofing Supply from $26.00 to $33.00 and gave the stock an "underperform" rating in a research report on Friday, November 20th.
NASDAQ BECN opened at $43.95 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.82 and a quick ratio of 1.25. The company has a market cap of $3.03 billion, a P/E ratio of -26.64 and a beta of 1.97. The stock has a 50-day moving average of $39.42 and a two-hundred day moving average of $33.58. Beacon Roofing Supply has a 1-year low of $11.66 and a 1-year high of $44.19.
Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Wednesday, November 18th. The company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.33. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $2.02 billion. Beacon Roofing Supply had a negative net margin of 1.16% and a positive return on equity of 10.89%. During the same quarter in the previous year, the business posted $1.04 earnings per share. On average, analysts anticipate that Beacon Roofing Supply will post 2.97 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of BECN. Banque Cantonale Vaudoise bought a new stake in Beacon Roofing Supply during the third quarter worth about $93,000. Neo Ivy Capital Management bought a new position in shares of Beacon Roofing Supply during the third quarter valued at $173,000. GSA Capital Partners LLP bought a new position in shares of Beacon Roofing Supply during the third quarter valued at $209,000. Strs Ohio bought a new position in shares of Beacon Roofing Supply during the third quarter valued at $257,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Beacon Roofing Supply by 23.8% during the third quarter. Nisa Investment Advisors LLC now owns 8,330 shares of the company's stock valued at $259,000 after acquiring an additional 1,600 shares during the last quarter.
About Beacon Roofing Supply
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, and retailers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.
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