Beacon Roofing Supply (NASDAQ: BECN) had its charge objective elevated through equities researchers at Royal Bank of Canada to $forty.00 in a observe issued to investors on Thursday, The Fly reports. The brokerage currently has a “quarter perform” score on the inventory. Royal Bank of Canada’s goal price shows a capacity upside of 3.28% from the inventory’s modern fee.
Several different brokerages have additionally lately issued reports on BECN. Wells Fargo & Co reiterated a “maintain” rating on stocks of Beacon Roofing Supply in a study observe on Wednesday. BidaskClub upgraded Beacon Roofing Supply from a “keep” score to a “buy” rating in a research notice on Wednesday, February 20th. Wedbush reiterated a “neutral” score and issued a $33.00 fee goal on stocks of Beacon Roofing Supply in a research word on Wednesday. Buckingham Research began coverage on Beacon Roofing Supply in a research notice on Monday, February twenty-fifth.
They issued an “impartial” rating and a $38.00 fee objective on the inventory. Finally, Zacks Investment Research upgraded Beacon Roofing Supply from a “keep” rating to a “buy” score and set a $ forty-one.00 rate goal at the inventory in a research word on Monday, February 4th. One funding analyst has rated the inventory with a sell score, twelve have given a hold score and 7 have assigned a buy rating to the employer’s stock. The employer has a consensus score of “Hold” and a median goal price of $forty.41.
Shares of NASDAQ BECN opened at $38.73 on Thursday. The firm has a marketplace capitalization of $2.Sixty-two billion, a PE ratio of 14.34, a P/E/G ratio of 0.Eighty one and a beta of 1.47. The agency has a debt-to-fairness ratio of one. Sixty-one, a short ratio of 1.35 and a current ratio of 2.Forty three. Beacon Roofing Supply has a 12-month low of $24.97 and a 12-month high of $46.66.
Beacon Roofing Supply (NASDAQ: BECN) remaining announced its quarterly profits statistics on Tuesday, May 7th. The enterprise stated ($zero. Forty-five) profits in keeping with share (EPS) for the region, beating the consensus estimate of ($zero. Fifty-one) by way of $zero.06. The commercial enterprise had revenue of $1.Forty-three billion for the zone, as compared to analysts’ expectancies of $1.38 billion. Beacon Roofing Supply had a return on fairness of eleven.19% and a net margin of zero.43%. The corporation’s revenue for the area become up .2% in comparison to the identical area final year. During the identical duration final year, the company earned ($zero.35) earnings according to proportion. As a collection, analysts anticipate that Beacon Roofing Supply will put up 2.Ninety one earnings per percentage for the present day year.
In different Beacon Roofing Supply information, foremost shareholder Cd&R Investment Associates Ix, offered five,609,763 stocks of the company’s stock in a transaction that happened on Thursday, March 14th. The shares were bought at an average price of $33.31 in step with share, with a complete price of $186,861,205.Fifty-three. The purchase turned into disclosed in a submitting with the Securities & Exchange Commission, which is available thru this hyperlink. Corporate insiders personal 1.20% of the employer’s stock.
Hedge budget has lately modified their holdings of the enterprise. Investors Research Corp purchased a brand new function in stocks of Beacon Roofing Supply for the duration of the primary sector worth approximately $29,000. First Personal Financial Services bought a brand new position in stocks of Beacon Roofing Supply throughout the fourth area worth about $33,000. Quantamental Technologies LLC purchased a brand new position in shares of Beacon Roofing Supply for the duration of the primary area worth about $ sixty-three,000. IFP Advisors Inc grew its holdings in shares of Beacon Roofing Supply by way of 107.6% all through the fourth quarter. IFP Advisors Inc now owns 2,076 stocks of the business enterprise’s inventory worth $ sixty-five,000 after shopping an extra 1,076 shares during the last region. Finally, Lloyds Banking Group p.C grew its holdings in shares of Beacon Roofing Supply through 81.6% during the fourth sector. Lloyds Banking Group % now owns 2,534 shares of the company’s stock well worth $eighty,000 after buying an additional 1,139 shares over the last quarter.
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and industrial roofing substances, and different complementary building substances to contractors, domestic builders, outlets, and constructing substances providers. The organization’s residential roofing products encompass asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, steel roofing, felts, synthetic underlayment, wooden shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and sun structures.