Beacon Roofing Supply (BECN) Stock Forecast & Price Target

$85.84

-1.62 (-1.85%)

(As of 09/20/2024 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

Moderate Buy
Based on 10 Analyst Ratings

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

$111.30
29.66% Upside

High Forecast	$135.00
Average Forecast	$111.30
Low Forecast	$89.00

According to the 10 analysts' twelve-month price targets for Beacon Roofing Supply, the average price target is $111.30. The highest price target for BECN is $135.00, while the lowest price target for BECN is $89.00. The average price target represents a forecasted upside of 29.66% from the current price of $85.84.

Type	Current Forecast 9/23/23 to 9/22/24	1 Month Ago 8/24/23 to 8/23/24	3 Months Ago 6/25/23 to 6/24/24	1 Year Ago 9/23/22 to 9/23/23
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	8 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)	3 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	$111.30	$111.30	$109.45	$86.80
Forecasted Upside	29.66% Upside	21.89% Upside	21.10% Upside	18.50% 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.

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.

Beacon Roofing Supply Stock vs. The Competition

Type	Beacon Roofing Supply	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.80	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	29.66% Upside	39.57% Upside	7.41% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/5/2024	Stephens 4 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$107.00 ➝ $95.00	+15.54%
8/2/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$119.00 ➝ $113.00	+32.12%
8/2/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$117.00 ➝ $115.00	+32.28%
5/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $117.00	+20.35%
5/3/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$90.00 ➝ $95.00	-2.40%
4/18/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$135.00	+44.88%
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4/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $120.00	+21.14%
4/1/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $115.00	+14.82%
1/8/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Merkel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
12/19/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $119.00	+37.07%
10/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$92.00 ➝ $89.00	+14.18%
8/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$102.00 ➝ $108.00	+29.71%
8/7/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$75.00 ➝ $95.00	+14.05%
3/10/2023	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:21 PM ET.

BECN Forecast - Frequently Asked Questions

What is Beacon Roofing Supply's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Beacon Roofing Supply is $111.30, 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?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 21.89% based on their 12-month stock forecasts.
What analysts cover Beacon Roofing Supply?: Beacon Roofing Supply has been rated by research analysts at Robert W. Baird, Royal Bank of Canada, and Stephens 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.