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Beacon Roofing Supply (NASDAQ:BECN) shares hit a new 52-week low during mid-day trading on Friday , American Banking News reports. The company traded as low as $28.21 and last traded at $28.22, with a volume of 245,730 shares trading hands. The stock had previously closed at $28.39.

BECN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Beacon Roofing Supply from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 10th. They now have a $28.00 price target on the stock. Separately, 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, July 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.60.

The stock has a 50-day moving average of $32.9 and a 200-day moving average of $36.30. The company has a market cap of $1.400 billion and a price-to-earnings ratio of 24.62.

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 $1.42 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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