Robert W. Baird Reiterates Hold Rating for Beacon Roofing Supply (BECN)
Beacon Roofing Supply (NASDAQ:BECN)‘s stock had its “hold” rating reiterated by equities research analysts at Robert W. Baird in a report released on Tuesday. They presently have a $29.00 price target on the stock. Robert W. Baird’s price target would suggest a potential upside of 4.43% from the stock’s previous close.
A number of other research firms have also recently issued reports on BECN. Wells Fargo & Co cut shares of Beacon Roofing Supply from a “market perform” rating to an “underperform” rating and set a $58.00 price objective for the company. in a research report on Wednesday, August 8th. Wedbush lowered their price objective on shares of Beacon Roofing Supply from $65.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, August 8th. Citigroup cut shares of Beacon Roofing Supply from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $51.00 to $44.00 in a research report on Wednesday, August 8th. SunTrust Banks reiterated a “buy” rating and set a $52.00 price objective on shares of Beacon Roofing Supply in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Beacon Roofing Supply from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Friday, August 10th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.80.
BECN stock opened at $27.77 on Tuesday. The company has a market cap of $1.88 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.38 and a beta of 1.44. Beacon Roofing Supply has a 1 year low of $24.97 and a 1 year high of $66.47. The company has a quick ratio of 1.14, a current ratio of 2.07 and a debt-to-equity ratio of 1.63.
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.
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