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Beacon Roofing Supply (BECN) Stock Forecast & Price Target

$97.09
+2.38 (+2.51%)
(As of 07/12/2024 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

Consensus Price Target

$109.45
12.74% Upside
High Forecast$135.00
Average Forecast$109.45
Low Forecast$89.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$109.45$109.45$100.00$80.00
Forecasted Upside12.74% Upside21.10% Upside19.27% Upside18.97% Upside
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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
2.83
2.46
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside12.74% Upside53.59% Upside9.18% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
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%
5/3/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$115.00 ➝ $117.00+19.98%
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%
10/5/2023Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform$91.00 ➝ $94.00+24.92%
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%
5/8/2023Stephens
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 Lower Target$70.00 ➝ $68.00+14.27%
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 Saturday at 02:31 PM ET.

BECN Forecast - Frequently Asked Questions

What is Beacon Roofing Supply's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Beacon Roofing Supply is $109.45, with a high forecast of $135.00 and a low forecast of $89.00.

Should I buy or sell Beacon Roofing Supply stock right now?

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

Does Beacon Roofing Supply's stock price have much upside?

According to analysts, Beacon Roofing Supply's stock has a predicted upside of 21.10% based on their 12-month stock forecasts.

What analysts cover Beacon Roofing Supply?

Beacon Roofing Supply has been rated by research analysts at Benchmark, JPMorgan Chase & Co., Robert W. Baird, and Truist Financial in the past 90 days.

Do Wall Street analysts like Beacon Roofing Supply more than its competitors?

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 7/13/2024 by MarketBeat.com Staff

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