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Shares of Beacon Roofing Supply (NASDAQ:BECN) hit a new 52-week low during mid-day trading on Friday , Analyst Ratings Net reports. The stock traded as low as $32.51 and last traded at $32.85, with a volume of 1,050,449 shares changing hands. The stock had previously closed at $34.28.

BECN has been the subject of a number of recent research reports. Analysts at Longbow Research upgraded shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating in a research note on Monday, May 19th. They now have a $42.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Beacon Roofing Supply from $41.00 to $38.00 in a research note on Monday, May 12th. Finally, analysts at SunTrust upgraded shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 15th. They now have a $46.00 price target on the stock, up previously from $39.00. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Beacon Roofing Supply presently has an average rating of “Buy” and a consensus target price of $41.00.

The stock’s 50-day moving average is $34.53 and its 200-day moving average is $37.21. The company has a market cap of $1.627 billion and a P/E ratio of 29.73.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.20. The company had revenue of $384.89 million for the quarter, compared to the consensus estimate of $416.84 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Analysts expect that Beacon Roofing Supply will post $1.51 EPS for the current fiscal year.

Beacon Roofing Supply, Inc is a distributor of residential and non-residential roofing materials in the United States and Canada.

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