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Shares of Beacon Roofing Supply (NASDAQ:BECN) reached a new 52-week low on Tuesday , reports. The company traded as low as $30.60 and last traded at $30.65, with a volume of 1,055,143 shares. The stock had previously closed at $32.47.

BECN has been the subject of a number of recent research reports. Analysts at William Blair downgraded shares of Beacon Roofing Supply from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.00.

The stock has a 50-day moving average of $34.20 and a 200-day moving average of $36.94. The company has a market cap of $1.507 billion and a P/E ratio of 28.16.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings data on Friday, May 9th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Beacon Roofing Supply will post $1.43 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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