Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have received a consensus rating of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.56.
A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Beacon Roofing Supply from $51.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Wedbush reiterated a “neutral” rating and set a $47.00 price objective on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Beacon Roofing Supply from a “sell” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Thursday, April 13th. William Blair reissued a “neutral” rating and set a $45.00 target price on shares of Beacon Roofing Supply in a research note on Friday, April 14th. Finally, Citigroup Inc reissued a “buy” rating and set a $52.00 target price (up previously from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th.
Beacon Roofing Supply (NASDAQ:BECN) opened at 48.82 on Tuesday. The firm’s 50-day moving average is $49.25 and its 200-day moving average is $47.27. The company has a market capitalization of $2.94 billion, a PE ratio of 29.79 and a beta of 1.31. Beacon Roofing Supply has a 12 month low of $39.50 and a 12 month high of $52.12. Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. Beacon Roofing Supply had a return on equity of 9.99% and a net margin of 2.49%. The firm had revenue of $870.70 million for the quarter, compared to the consensus estimate of $814.74 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Beacon Roofing Supply will post $2.37 EPS for the current fiscal year.