Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $65.22.
Several equities analysts have issued reports on BECN shares. StockNews.com began coverage on Beacon Roofing Supply in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial decreased their target price on Beacon Roofing Supply from $58.00 to $55.00 in a report on Monday, February 7th. Zacks Investment Research upgraded Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Thursday, May 19th. Wells Fargo & Company increased their target price on Beacon Roofing Supply from $59.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, April 21st. Finally, Robert W. Baird increased their target price on Beacon Roofing Supply from $74.00 to $83.00 in a report on Friday, May 6th.
Shares of BECN opened at $61.21 on Friday. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 17.69 and a beta of 1.77. The company has a quick ratio of 0.92, a current ratio of 1.85 and a debt-to-equity ratio of 1.01. Beacon Roofing Supply has a 12 month low of $46.62 and a 12 month high of $64.90. The company has a 50-day moving average price of $60.10 and a two-hundred day moving average price of $57.48.
Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.40. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Beacon Roofing Supply had a net margin of 4.24% and a return on equity of 26.21%. Equities research analysts expect that Beacon Roofing Supply will post 6.35 EPS for the current fiscal year.
In related news, major shareholder Cd&R Investment Associates Ix, bought 102,219 shares of the business’s stock in a transaction on Friday, April 29th. The shares were purchased at an average price of $58.70 per share, with a total value of $6,000,255.30. Following the completion of the purchase, the insider now owns 14,755,648 shares of the company’s stock, valued at approximately $866,156,537.60. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Clement Munroe Best III sold 4,000 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $63.00, for a total value of $252,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
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