Brokerages Set Beacon Roofing Supply, Inc. (NASDAQ:BECN) PT at $119.95

Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Get Free Report) have been given an average recommendation of "Hold" by the eleven brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $120.95.

BECN has been the topic of several research analyst reports. Benchmark restated a "buy" rating and issued a $140.00 price objective on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. StockNews.com began coverage on shares of Beacon Roofing Supply in a report on Monday. They set a "sell" rating on the stock. Loop Capital reiterated a "hold" rating and issued a $124.00 target price on shares of Beacon Roofing Supply in a research note on Friday. Stifel Nicolaus cut shares of Beacon Roofing Supply from a "buy" rating to a "hold" rating and lowered their target price for the company from $131.00 to $122.55 in a research note on Friday, February 7th. Finally, Robert W. Baird boosted their price target on Beacon Roofing Supply from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday, February 28th.

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Beacon Roofing Supply Stock Down 0.0 %

Shares of NASDAQ:BECN traded down $0.02 on Tuesday, reaching $123.82. The company had a trading volume of 10,763,613 shares, compared to its average volume of 872,786. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $7.62 billion, a P/E ratio of 21.16 and a beta of 1.63. The stock has a 50-day moving average price of $116.92 and a 200 day moving average price of $104.23. Beacon Roofing Supply has a twelve month low of $77.54 and a twelve month high of $123.90.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. On average, equities analysts expect that Beacon Roofing Supply will post 7.22 EPS for the current year.

Institutional Investors Weigh In On Beacon Roofing Supply

Several institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Beacon Roofing Supply during the 4th quarter worth $3,184,000. Polar Asset Management Partners Inc. bought a new position in Beacon Roofing Supply during the fourth quarter worth about $4,510,000. Forum Financial Management LP bought a new stake in shares of Beacon Roofing Supply in the 4th quarter valued at about $224,000. Amiral Gestion acquired a new stake in shares of Beacon Roofing Supply in the 4th quarter valued at approximately $1,478,000. Finally, Public Employees Retirement System of Ohio bought a new position in Beacon Roofing Supply during the 4th quarter worth approximately $9,873,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.