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Analysts at Robert W. Baird reduced their price objective on shares of Beacon Roofing Supply (NASDAQ:BECN) from $35.00 to $31.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 8.96% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Beacon Roofing Supply in a research note on Friday. They now have a $33.50 price target on the stock, down previously from $38.00. 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.10.

Beacon Roofing Supply (NASDAQ:BECN) traded up 0.04% during mid-day trading on Friday, hitting $28.45. 1,396,574 shares of the company’s stock traded hands. Beacon Roofing Supply has a 1-year low of $27.45 and a 1-year high of $41.38. The stock has a 50-day moving average of $30.25 and a 200-day moving average of $35.13. The company has a market cap of $1.403 billion and a price-to-earnings ratio of 24.67.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings data on Friday, August 8th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.06. The company had revenue of $663.40 million for the quarter, compared to the consensus estimate of $662.94 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Beacon Roofing Supply will post $1.36 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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